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Real Wage Growth at the Individual Level in 2022

5 点作者 safaa1993超过 1 年前

1 comment

boppo1超过 1 年前
As someone without an econ degree, but with a finance degree, I have a hard time believing these metrics are a meaningful representation of economic reality. The more I look at inflation measures, the more they seem massaged. Even &#x27;non-establishment&#x27; pundits like Kyla Scanlon insist the economy is like-really-good-for-sure-guys.<p>But I saw my parents&#x27; and their peers&#x27; lifestyles at my age +&#x2F;- 10 years and things were dramatically different. Cars, houses and vacations possible on a single non-doctor&#x2F;lawyer&#x2F;etc. income. And they weren&#x27;t outliers! Sure, we have sci-fi toys, but life milestones are unachievable for so many, even on full-time dual incomes.<p>It seems like mainstream economics is a kool-aid party.<p>The FOMC was a mistake.
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