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102 sats \ 4 replies \ @BlokchainB 4h \ on: There are now more homebuyers over age 70 than under 35 - Unusual Whales Construction_and_Engineering
I think wages have been very low for the marginal worker. It’s mind blowing to me to see large trillion dollar companies lay off employees then everyone wonders why young folks don’t have any money to buy anything of substance.
Due to wages being depressed for whatever reason people need a loan or a Buy Now Pay Later for large ticket items.
If people wanted to work and save money for 2 years to buy a car or house it’s nearly impossible.
Yeah, it is certainly the case that wage inflation has not been nearly as much a thing as price inflation. I say this, and then I think if it's true. Here's the official charts for wage growth and price inflation:
They seem to imply that wage growth has been staying above 4% since 2021. I'm not sure I believe that.
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Me either
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Is it means or medians? The mean tends to be pulled up by the spectacular growth of earnings for people in certain sectors
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The chart is from Statistia here.
They don't make it clear, but they link to this Atlanta Fed post that says medians.
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