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re: The DowJones Industrial Average AND the S&P500 Index both closed at record highs today
Posted on 1/20/24 at 10:26 am to Decisions
Posted on 1/20/24 at 10:26 am to Decisions
quote:
Conjoined those graphs give an idea of wage inflation from the start of COVID through 2022. Naturally the data hasn’t all been compiled and made public for 2023, but it gives an idea as to what wages have done in the time period we were discussing for the market growth and overall inflation.
I posted the numbers in the thread for the last 3 years - real, median wages are down 1.7% since 1/2021. That’s not nominal, it’s already adjusted for inflation.
I get it - it hurts paying $7 for a bag of fricking Doritos (frick you Pepsi), but my paycheck is up considerably over the last 3 years too. As is the case for a lot of people.
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