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Ranvier , (edited )

That’s wages weighted to the cost of living. That’s what you’re looking at in the chart I posted. You can find the same chart from many other sources. And yes it absolutely includes housing costs not just tvs. Even includes services too. Anything people spend money on to live, and in the proportions they spend money on it. If people aren’t spending very much on tvs it becomes a smaller part of the measure and is weighted less.

Part of the reason you see the jump in real wages in the 2008 recession on that chart is related to the crash in housing prices. If things are proportionally costing more in relation to wages then the line goes downward, if things are proportionally cheaper compared to wages, then it goes upwards. It crashed in the 1980s, was flat for many years as wages and cost of living both were increasing at about the same rate in the 90s so no real gains. It was only recently we even caught up to where we used to be in the 70s. The commenter above you said our wages are lower than they were in the 1980s, that’s just totally untrue. If they said 1970s they’d be closer to reality since we’re hovering near that number.

Wages not weighted to the cost of living would look more like this and basically almost always be going up. I can’t find a chart of wages not weighted to that over the exact same time period though but you get the picture.

statista.com/…/annual-mean-wages-and-salary-per-e…

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