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re: Morgan Stanley credits ‘Bidenomics’ in lifting its U.S. economic-growth outlook.
Posted on 7/23/23 at 6:45 pm to the808bass
Posted on 7/23/23 at 6:45 pm to the808bass
quote:
And for the third time, below where they were pre-Covid.
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.
This post was edited on 7/23/23 at 6:47 pm
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