Comment Comment by omgwtfbyobbq The CPI has gone up far faster than real wages.https://fred.stlouisfed.org/series/CPIAUCSLPeople are earning about 12% more and working about 5% less since 1980, but everything costs roughly 3x what it did in 1980 relative to wages, and that's where most people are pinched. parent omgwtfbyobbq 6 days ago
https://fred.stlouisfed.org/series/CPIAUCSL
People are earning about 12% more and working about 5% less since 1980, but everything costs roughly 3x what it did in 1980 relative to wages, and that's where most people are pinched.