Current Events > Median full-time salary in US would be $102k if wages had kept up with growth

(+) Yeah! (+)

The typical full-time salary in America would be $102,000 if wages had kept up with growth but the economy has failed 90% of workers

https://www.businessinsider.com/median-us-worker-salaries-could-have-been-102000-without-inequality-2020-9
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Try making your own coffee at home instead of buying $10 Starbucks 5 times a day

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MacadamianNut3 posted...

Try making your own coffee at home instead of buying $10 Starbucks 5 times a day

What does that have to do with wages?

inb4 Broseph_Stalin ruins this thread but doesn't get modded for it

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MacadamianNut3 posted...

Try making your own coffee at home instead of buying $10 Starbucks 5 times a day

???

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SpiritSephiroth posted...

???

Pretty sure this was sarcasm lmao

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I'm lucky to be in the 10%, then. And I only have a super cool High School diploma, too! Being a hard worker always pays off

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kinetika_ posted...

I'm lucky to be in the 10%, then. And I only have a super cool High School diploma, too! Being a hard worker always pays off

This just means that whatever you are making, should actually be more, since if you are above the median and the median was valued higher, your salary would also be valued higher.

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Isn't this a bit of a chicken and egg problem? It kind of assumes that we would be maintaining the same growth with that kind of wage increase.

But ultimately what really matters is the relative buying power of wages not the literal number. For some things current wages can buy more than they used to, but for other things, like tuition, it can buy way less.

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We'd actually all be millionaires if we got a dollar every time a media outlet let a reporter write a story on economic data they don't understand.

But I NEED this 1300 dollar phone for my Snapchat that I spend 3 hours a day on!!!

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MacadamianNut3 posted...

Try making your own coffee at home instead of buying $10 Starbucks 5 times a day

BobanMarjanovic posted...

But I NEED this 1300 dollar phone for my Snapchat that I spend 3 hours a day on!!!

hmm
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Yeah I was being sarcastic >_>

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seriously though every month or so these media outlets roll out a "study" where they intentionally measure wages and economic growth with different inflation calculators or fail to account for non-monetary compensation.

it's good clickbait i guess, who doesn't want to believe they should be making six figures?

BadderHare posted...

seriously though every month or so these media outlets roll out a "study" where they intentionally measure wages and economic growth with different inflation calculators or fail to account for non-monetary compensation.

it's good clickbait i guess, who doesn't want to believe they should be making six figures?

let's go into more detail
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eggcorn posted...

let's go into more detail

what do you want to know?

eggcorn posted...

let's go into more detail

He's incapable of that. Every single time he brings up "non monetary compensation" and mentions healthcare but also ignores the fact that health insurance is a literal racket. He hates working class people.

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kinetika_ posted...

I'm lucky to be in the 10%, then. And I only have a super cool High School diploma, too! Being a hard worker always pays off

This post sounds like you have never actually been in the workforce before.

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I wonder if it's a coincidence that wages began to stagnate at the same time they made stock buybacks and corporate donations legal again?


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if only we didn't constantly dilute the money supply and the labor pool

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ah
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