Quote:
Originally Posted by opendoor
It's based on the numbers from this paper:
https://www.epi.org/publication/swa-...3/#full-report
The EPI definitely has a slant, but their data is from the US Government's Current Population Survey. And looking at the raw data in the CPS survey, it seems to check out based on a quick glance. |
Thanks for linking - a good read. My confusion came from the years they are using and that you were quoting, as it looks like they are including 2019. And if you include 2019, most of that real wage growth is actually coming from 2019 to 2020, which are actually pre-Biden years and based on how they're structuring the data, pre-pandemic, so I don't think your point holds true. In fact, according to the chart in the appendix, real wages for all groups other than the bottom decline have stagnated or decreased since 2020.