re: Morgan Stanley credits ‘Bidenomics’ in lifting its U.S. economic-growth outlook.

quote:

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And for the third time, below where they were pre-Covid.

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No, they weren't.

For the last time, that's not what the graph shows.

Q4 2019 earnings were around $362 per week in 1982 dollars for a full-time worker.

Q2 2023 earnings were around $365 per week in 1982 dollars for a full-time worker.

Where is the decrease pre-COVID?

There was an increase during the COVID period from Q1 2020 but that wasn't a normal macro environment and people weren't consuming.

Wages are above what they were pre-COVID.

Brilliant - I even attached a link that demonstrated my point.