• fuser@quex.cc
    link
    fedilink
    arrow-up
    7
    ·
    1 year ago

    The US has historically low unemployment, but real wages have stagnated for more than 50 years.

    The economy is actually pretty great – for those at the top. Not so much for those doing the real work:

    unemployment chart

    real wages chart

    • Tak@lemmy.ml
      link
      fedilink
      arrow-up
      2
      ·
      1 year ago

      I assume the second graph is basing inflation on CPI as well and if I’m not mistaken that would mean dollars spent on mortgages are equivalent to dollars spent on rent.

      I would argue that as home ownership goes down inflation would become more impactful as you do not build wealth with rent but can with a mortgage.