#realwages — Public Fediverse posts
Live and recent posts from across the Fediverse tagged #realwages, aggregated by home.social.
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New paper shows that 37% of workers in US saw real wages decline from 2021-2024 [pdf]
https://bfi.uchicago.edu/wp-content/uploads/2026/08/BFI_WP_2026-108-1.pdf
Comments: https://news.ycombinator.com/item?id=49355142
#HackerNews #realwages #wagegap #economicresearch #workersrights #USlabor
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Some quotes to remember from Corbin Trent (about the US Economy):
"Two full-time workers today have less purchasing power than a single worker did in 1950."
"Any politician promising affordability without a bold plan to shift power back to working people is full of shit."
"We need to reverse a 50-year transfer of $79 trillion from the bottom 90% to the top 1%"
https://www.americasundoing.com/p/it-works-if-you-work-it
#Economics #Inflation #RealWages #PurchasingPower #Inequality #Politics #USPoli #Unions #TaxTheRich
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Stress to dysmorphia, how cost of living is affecting our mental health
About a third of Australians are financially stressed with women consistently reporting more anxiety about money, …
#NewsBeep #News #US #USA #UnitedStates #UnitedStatesOfAmerica #Mentalhealth #costofliving #financialstress #Health #healthoutcomes #Housing #Inflation #InterestRates #mentalwellbeing #MentalHealth #moneydysmorphia #rba #realwages #ReserveBankofAustralia #wagestagnation #wages
https://www.newsbeep.com/us/73085/ -
If floundering leaders r #newnorm we’re in v dangerous time
"post-WW2 welfare states eroded by capital’s escape fr #regulations, #taxation & #employment #standards tt govts once enacted, & none of e nations’ #governments cld arrest e shift in income fr wages to invts. #Offshoring ⏬️ # of & rewards for jobs in #industry.. broad prosperity of 30 yrs aft WW2, when #democracies w adv econs saw #realwages & median incomes⏫️ due to #preglobal #socialcontracts has long vanished"
https://prospect.org/world/2024-12-23-biden-unpopular-check-out-fellow-leaders/ -
Real wages fell in most European countries after record-high inflation eroded most of the nominal wage growth.
Which countries have seen the biggest changes in salaries?
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The growth of #realwages was the worst in #Hungary in the #OECD: -15.6%
#Hungarian #government would blame anything and anyone (especially the #EU, #Brussels, #Ukraine, #sanctions against #Russia), but themselves. -
CW: Greedflation & corporate profiteering in Oz (and beyond)
During my lifetime, the proportion of Australia's GDP claimed by corporate profits (i.e. largely going into the coffers of the #plutocrats) has doubled.
Here's an expert breaking down the numbers, demonstrating that we are not facing an #inflation crisis so much as an unparalleled moment of #CorporateProfiteering. Even just looking at the last three years, if wages had stayed at the same proportion of GDP, then the average Australian worker would be $5k/yr better off.
Put differently, corporations have ripped about $15k from the average Australian worker since the start of the pandemic.
"wage growth has now lagged consumer prices for seven consecutive quarters. This is also a record. As a result, #RealWages have fallen by 5% in the three years since December 2019."
That's the result of opportunistic profiteering, aided and abetted by largely captured regulators.
It doesn't stop till it is made to stop.
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Someone was writing the answers on a board in the background, paid so much money yet can’t answer a question without help …bet they cheated in school times tables exams too #standwithyourpostie #fatcatbosses #supportthestrike #fairdayspay #realwages #cwu https://twitter.com/cwunews/status/1598080853405728770?s=46&t=itWu0KtnlhA7MhAknr6NLg