The inflation-adjusted median income of U.S. households rebounded last year to roughly its 2019 level, overcoming the biggest price spike in four decades to restore most Americans’ purchasing power.
I’ve never had a job where my wage kept up with inflation. My annual raise was always below inflation, and I felt lucky to get annual adjustments at all.
I suspect this is simply an artifact of math. The rich get richer and the poor get poorer, and as long as the average of the two looks good then the people in charge can nod their heads, say “good good,” then go spend a week on their yacht.
you know this is by and large true of me but my pay increased with every job change, which did happen in 2020. I wish I could change my job more often but im single income and I have to maintain healthcare.
I’ve never had a job where my wage kept up with inflation. My annual raise was always below inflation, and I felt lucky to get annual adjustments at all.
I suspect this is simply an artifact of math. The rich get richer and the poor get poorer, and as long as the average of the two looks good then the people in charge can nod their heads, say “good good,” then go spend a week on their yacht.
you know this is by and large true of me but my pay increased with every job change, which did happen in 2020. I wish I could change my job more often but im single income and I have to maintain healthcare.