Elitist propaganda. Eat the rich
Apnews…?
Are these elitists in the room with you right now…?
…which still weren’t sufficient for the working class.
Meanwhile prices did not.
Printing it doesn’t make it true. Smells of propaganda. How many people do you know who got a raise over 7%?
This was for 2023 and the job market was hot that year. If you switched jobs you probably got a double digit pay rise, and many people were doing it. That’s what drove the number.
However, the job market is kinda crashing right now in 2024. So I don’t think it’s a trend that will continue.
Idk how it could. Haven’t tons of companies been announcing layoffs for like tens of thousands of workers for a few years now?
Hundreds of thousands each year for 3 years now, theres websites tracking
So… Still unacceptably low. Got it.
Til…
If were true wouldn’t that mean deflation as wages haven’t actually kept up?
No. This is saying that wages have outpaced inflation, which would be disinflation rather than deflation. It’s confusing but they are not actually the same thing even though it sounds like they should be.
No it’s saying some have.
The latest data came Tuesday in an annual report from the Census Bureau, which said the median household income, adjusted for inflation, rose 4% to $80,610 in 2023, up from $77,450 in 2022. It was the first increase since 2019, and is essentially unchanged from that year’s figure of $81,210, officials said. (The median income figure is the point at which half the population is above and half below and is less distorted by extreme incomes than the average.)
It’s not even a good metric to try and say income is getting better
Some have what? I’m not following what you mean.
I do agree its not the greatest metric for a variety of reasons but its still indicative of improvements to the economy. If the opposite was happening it would mean things are getting worse instead of better.
The data showed that while the typical American household regained its 2019 purchasing power in 2023, it essentially experienced no rise in living standards over that time.
Yes, we are finally back to 2019 levels. I still don’t understand what point you are making.
The point is its a meaningless stat to try an make it look like it’s getting better for workers.
This article talks about income (wages, salary etc).
Right, it leaves out a significant detail while focusing on the least important part.
But the (clickbait) title got people to (click) talk about it so… it accomplished its publishers’ goal, nonetheless.
The data showed that while the typical American household regained its 2019 purchasing power in 2023, it essentially experienced no rise in living standards over that time.
Idk, included it but completely ignored gaining anything from the data :(
Poorly, but not like you’re great at discussion or reading comprehension
The data showed that while the typical American household regained its 2019 purchasing power in 2023, it essentially experienced no rise in living standards over that time.
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