If you must argue about the economy over Thanksgiving dinner, at least get the facts right
AnotherAttorney @ AnotherAttorney @kbin.social Posts 0Comments 50Joined 2 yr. ago
AnotherAttorney @ AnotherAttorney @kbin.social
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Because he isn't. It's borderline impossible to buy a house, gas prices are still through the roof, and consumer prices have skyrocketed. The article tries to play down the latter two increases by pointing to the average wage. However, studies show that most Americans have received a wage/salary increase in the last three years. This, in turn, suggests that the average wage increase championed by the EPI (which, by the way, is essentially the liberal version of the Heritage Foundation) is more likely related to a significant increase at either the floor or ceiling of wages. With the Fight for 15 movement gaining increasing popularity over the last few years, and a growing number of states increasing their minimum wages, it wouldn't be surprising if its mainly the floor that's increasing. If that's the case, the fact that the average wage is increasing is relatively meaningless for most Americans.