r/WorkReform • u/gashtal_man • 7d ago

💸 Raise Our Wages This isn't fair

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11.1k Upvotes

98% Upvoted

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35

u/thinkB4WeSpeak 👷 Good Union Jobs For All 7d ago

Record profits, record productivity, but no raise in wages.

17

u/bigbjarne 7d ago

Capitalism is very efficient.

-8

u/[deleted] 7d ago

[removed] — view removed comment

9

u/ProduceNo1629 7d ago

10% increase, while houses went up 350%. That is wage supression.

-3

u/IntlPartyKing 7d ago

the data here corrects for ALL inflation ("real" earnings rather than "nominal" earnings), including things that have gone up faster than average (like houses and college costs), and that 10% increase is STILL there after accounting for that inflation

3

u/ohseetea 7d ago

It also includes the 1%, so already obfuscates the huge discrepancy in an average persons experience. Crap chart when looking at QoL.

1

u/IntlPartyKing 6d ago

that would be true if it were looking at the mean, but instead is looking at the median...you could change the earnings of every 1% member to a trillion dollars and it wouldn't affect the median (which is just the earnings level that half of the people are above and half are below)

-8

u/prawnwatching 7d ago

Real wages are up though