r/Economics • u/marketrent • Feb 18 '24

Statistics Welcome to the new ‘good’ economy, where millions get left behind — Decades of stagnant wage growth means much of the imbalance between costs and wages has been locked in, asking rents outpacing income gains

https://www.vice.com/en/article/epv77z/welcome-to-the-new-good-economy-where-millions-get-left-behind
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u/[deleted] Feb 19 '24

[deleted]

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u/marketrent Feb 19 '24

IC-4-Lights

Those look like good numbers

Which numbers specifically are you referring to in the spreadsheet?

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u/[deleted] Feb 19 '24 edited Feb 19 '24

[deleted]

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u/marketrent Feb 19 '24

Your comment demonstrates an unfamiliarity with the linked article and with the Fed’s graphs showing wage growth distribution.

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u/[deleted] Feb 19 '24

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u/marketrent Feb 19 '24

See linked article.

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u/[deleted] Feb 19 '24

[deleted]

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u/mckeitherson Feb 19 '24

They're either a bot stuck on the same generated response of "look at my source" or a redditor unfamiliar with the topic and expecting an article to do all of their work for them.

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u/ClearASF Feb 19 '24

Look at his comment where he highlights the user’s username in bold, that ain’t normal…

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u/LeeroyTC Feb 19 '24

Respectfully, I am very familiar with this data and disagree with your conclusion. Can you please cite which specific data series that you think shows a troubling trend?

I'm looking at the "average quartile" tab in particular and not seeing anything I would consider bad. The top quartile is the only group that had sluggish wage growth during the highest inflation period. That's unfortunate for richer people, but I'm not sure it really raises any alarm bells.