☆ Yσɠƚԋσʂ ☆M to United States | News & Politics@lemmy.ml • 2 years agoReal wages in the US have declined for a record 18 month. During the entire Biden administration the average US worker has lost purchasing power every monthlemmy.mlimagemessage-square13fedilinkarrow-up116arrow-down10
arrow-up116arrow-down1imageReal wages in the US have declined for a record 18 month. During the entire Biden administration the average US worker has lost purchasing power every monthlemmy.ml☆ Yσɠƚԋσʂ ☆M to United States | News & Politics@lemmy.ml • 2 years agomessage-square13fedilink
minus-square☆ Yσɠƚԋσʂ ☆OPMlinkfedilink1•2 years agoThe gulf between high paid wage labourers and the truly rich is astronomical. A highly paid professional is far closer to a homeless person in terms of wealth than to the 0.1% that owns the country. Here’s a good breakdown https://economics.princeton.edu/working-papers/top-wealth-in-america-new-estimates-and-implications-for-taxing-the-rich/
minus-square@Aria@lemmygrad.mllinkfedilink1•edit-22 years agoYes I understand, but the difference between a 15K/yr wage (USA mode wage) and a 300M/yr wage (Highest wage I found quickly, Sundar Pichai) is still big enough to impact statistics.
minus-square☆ Yσɠƚԋσʂ ☆OPMlinkfedilink1•2 years agoSure, but in the end we end up looking at the median wage, and that’s going down when considered in the context of purchasing power.
The gulf between high paid wage labourers and the truly rich is astronomical. A highly paid professional is far closer to a homeless person in terms of wealth than to the 0.1% that owns the country. Here’s a good breakdown https://economics.princeton.edu/working-papers/top-wealth-in-america-new-estimates-and-implications-for-taxing-the-rich/
Yes I understand, but the difference between a 15K/yr wage (USA mode wage) and a 300M/yr wage (Highest wage I found quickly, Sundar Pichai) is still big enough to impact statistics.
Sure, but in the end we end up looking at the median wage, and that’s going down when considered in the context of purchasing power.