this post was submitted on 13 Oct 2022
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United States | News & Politics

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Real wages in the US have declined for a record 18 month. During the entire Biden administration the average US worker has lost purchasing power every month (lemmy.ml)
submitted 2 years ago by yogthos@lemmy.ml to c/usa@lemmy.ml
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[–] redtea@lemmygrad.ml 1 points 2 years ago (1 children)

Are those decreases compounded?

Or is each decrease measured against a baseline (maybe against the average for the previous 12 months, or even the average in 1982–4).

[–] yogthos@lemmy.ml 0 points 2 years ago (1 children)

they compound

[–] redtea@lemmygrad.ml 2 points 2 years ago

Holy fuck.