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[–] 25 points 2 months ago (1 child)

Oh well I'm sure that salaries also rose by 9x in that time, right?

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  • [–] 5 points 2 months ago (1 child)

    yes, the u.s. national wage index was about $6k in 1970 and about $70k in 2024, which is the last year the social security administration has reported the wage index

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  • [–] 4 points 2 months ago (1 child)

    This doesn't seem like a good representation, I think it has capital gains wrapped in.

    This source looks like it takes just the wages people are being paid, and it goes from $4.44 an hour in 1979 to $20.03 in 2024.

    I remember checking a year or two ago that the median worker earned around $45k, with a bunch of financial sleight-of-hand making up the dofference between this and the per capita GDP.

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  • [–] 2 points 2 months ago

    fair, and the inflation number also includes a bunch of financial sleight-of-hand. i don't think it includes healthcare, education, and housing, which have all grown significantly faster than the baseline inflation.

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