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this post was submitted on 21 Mar 2024
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That's not true at all.
Adjusted with inflation, assuming all people hired got salary bumps to offset inflation, you're looking at 3% to 4% of the population. That is not most. That is not even many. That is a few.
A few people are better off today adjusted for inflation. The majority of people are not.
If you did not get a 20% to 25% bump during the past couple years you are worse off. If you got a 20%-25% pay bump, you're pretty much where you were before except major life goals are more expensive so you're also worse off. If you got 30%+ bump, which some definitely did, then they're better off. It is NOT most.
What is your citation for saying this? Mine is here. The yellow bar at the very top, +5.7%, represents the poorest segment of workers making wage gains that outpaced inflation. Where are you getting your 3% or 4% numbers?
I'm starting to suspect that a lot of the Lemmy population may be in the tech-savvy early adopter white-collar-job segment up in the top 10% (the brown bar showing -5%, wages dropping compared to inflation for the very top earners as tech jobs slow down and the wage gap shrinks). I'm not saying that wage drop at the top is a good thing necessarily, but it's very different from everyone being worse off.
Here's a breakdown of the average wages overall; that black line at the top shows a year-on-year compounding growth in wages adjusted for inflation in 2020, 2021, and 2022, even facing the difficult conditions that kept almost every other first-world country down in the bottom half of the graph, where wages are actually dropping.
Those are my sources. What are yours for the specific claims you're making?