Wage growth for a large swath of Americans is being outpaced by the rate of inflation, according to data from Indeed, which reported people with low- and middle-paying jobs are likely feeling the most pressure.

top 18 comments

sorted by: hot top controversial new old
[–] 1 point 1 year ago

Overtime tax is gone and they cheered as their buying power and rights and social services and education and retirements and possibly friends and family are taken away from you by a group of people who support a rapist felon child diddler. God™ bless the USA.

  • source
  • [–] 21 points 1 year ago (7 children)

    Yeah, "rising wages" are mostly due to the wage offered to new employees. Existing employees don't get shit and inflation is still eating away at their buying power.

  • source
  • hideshow 7 child comments
  • [–] 8 points 1 year ago

    The yogurt I like has doubled in price over the last year. My salary went up 4%. I'm looking for a new job pretty hard right now. Like the place I'm at, has a pension, been there 9 years, but fuck you pay me or I'm out. The opportunity cost of staying at a place who's wages don't keep up with inflation is too damn high.

  • source
  • parent
  • [–] 3 points 1 year ago (3 children)

    Job-hopping has long been known to be the best way to increase earnings for most people - particularly those in corporate jobs.

  • source
  • parent
  • hideshow 3 child comments
  • [–] 1 point 1 year ago (1 child)

    Sure, that doesn't make it a practical solution for everyone though

  • source
  • parent
  • hideshow 1 child comment
  • Never claimed it was. There are innumerable self-destructive stupidities that the bulk of the human race regularly prefers to engage in because it gives them an advantage in the short term, which is all most of them bother thinking about. That being the case, we're all forced to play the game their way: constantly look for opportunities to take advantage of for oneself, and fuck their demands of loyalty and self-sacrifice for the good of the company - they wouldn't do the same for you.

  • source
  • parent
  • [–] 2 points 1 year ago (1 child)

    This article is about recent changes, under Biden wage growth was doing a lot better. But that's stagnated under Trump (to my understanding) and is being hurt by rising costs due to tariffs.

    Effectively tarrifs and bad trade policy by Republicans is causing inflation that can't be offset by wages (because the costs are caused by taxes making everything more expensive).

  • source
  • parent
  • hideshow 1 child comment
  • [–] 2 points 1 year ago*

    It has been shown time and again that administrations under Republican are worse for the economy than when under Democrats. I saw something recently that went back at least four decades showing this pattern, but haven't the time or ability right now to search it up. I'm sure it can be found easily enough.

  • source
  • parent
  • [–] 29 points 1 year ago (1 child)

    The purchasing power of average Americans has been in decline for generations.

  • source
  • hideshow 1 child comment
  • [–] 9 points 1 year ago (1 child)
  • [–] 8 points 1 year ago*

    Cool so head in to the office so they can refuse salary increases but you essentially get a pay cut since you're not losing $12000 for daycare and $3000 for parking spaces

  • source
  • [–] 4 points 1 year ago*

    It outpaced virtually everyone over the last 5 years at some point. It's all just a big fucking joke to the current administration.

    The economy is a fucking mess, and Trump only has time to fuck more of our poorest people, and even our middle class, over in creative and new ways.

  • source
  • [–] 4 points 1 year ago

    Not just inflation but also everything has become a "small monthly service" now and those prices rise every few months. Life was simpler and less fee-based when I was a kid and teenager, just less expenses in general.

  • source
  • [–] 3 points 1 year ago

    From the article, the 40% with falling wages are not the ones I expected. Custodians, grocers, and service sector are in the top 50% it seems, their wages are doing well vs inflation. It's surgeons and programmers who are seeing wages drop.

    So it's kinda a weird headline. From the article, this sounds like the labor gains I would want to see.

  • source
  • [+] -7 points 1 year ago

    There's a solution to this, but I don't think a lot of people here will like it. Fix the money and stop measuring your worth in worthless fiat currencies

    For the conservative people, hold and measure your net worth in gold and you'll notice things get cheaper.

    For those, like myself, who are native to the internet, do the same thing but with Monero.

  • source
  • 49 comments in c/workreform@lemmy.world view that post
    33 comments in c/usa@midwest.social view that post
    3 comments in c/usa@lemmy.ml view that post