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this post was submitted on 08 Sep 2023
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This is what infuriates me about these reports and talking heads. Who cares how many jobs were added if wages remain low, or better paying roles are replaced by lower wages and no benefits, or workers are losing job security, or their stifled wages afford less?
When they say things like this they're not talking to regular people. They're reporting sales numbers to investors and CEOs.
Don't forget those "temporarily embarrassed millionaires" voting against their own interests.
Incidentally, Marx identified this precise problem in Das Kapital
Who cares? The employers who have to provide benefits for people who work >X hours, that's who.
Wage growth surpassed inflation every month this year.
Not saying you’re wrong or I disagree with your sentiment.
For who?
Three letter titled people.
Across all wages combined? What if you just look at people who make <100k?