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ZombiFrancis , 2 days ago looks at graph Real wages are still below inflation. Nominal wage growth is what is above inflation. Which means people are getting more money but it is worth less. This means economic growth is down, and therefore the overall economy is demonstrably not in good shape. *Edit To add from the article: Nominal wage growth is the year-over-year growth in wages, not adjusted for inflation. So… this doesn’t mean a whole lot then.
looks at graph
Real wages are still below inflation. Nominal wage growth is what is above inflation.
Which means people are getting more money but it is worth less.
This means economic growth is down, and therefore the overall economy is demonstrably not in good shape.
*Edit To add from the article:
Nominal wage growth is the year-over-year growth in wages, not adjusted for inflation.
So… this doesn’t mean a whole lot then.