(Replying to PARENT post)

Those charts show wages growing at an annualized rate of 1.5% at best. Any years with inflation greater than 1.5% were effectively years of wage LOSS, rather than growth. Most of those years had inflation greater than 1.5%.

Edit: this math is bad, see sokoloff's comment below.

👤IanKerr🕑2y🔼0🗨️0

(Replying to PARENT post)

Those charts show real wages, not nominal wages. "Real" in economics means "after taking inflation into account".

https://www.investopedia.com/terms/r/real-value.asp

A year showing any growth in real terms is a nominal growth that is higher than inflation.

👤sokoloff🕑2y🔼0🗨️0

(Replying to PARENT post)

Doesn't the "adjusted dollars" mean the numbers are already adjusted for inflation? Pretty sure the median wage in 1984 was a lot less than 56K in 1984 dollars.

👤wizofaus🕑2y🔼0🗨️0

(Replying to PARENT post)

QED

👤Supermancho🕑2y🔼0🗨️0