• tal@lemmy.today
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      5 months ago

      That’s not incompatible with what they said. They’re saying that the rate of wage increases over the last year outpaced inflation. They also ran below inflation during the COVID-19 crisis.

      COVID-19’s impact started in 2020.

      looks at graph in article

      Okay, though it looks like inflation only took off in early 2021.

      They’re saying that from June 2023 to June 2024, real wages increased. But they also decreased for about two years prior to that, from a couple months into 2021 until about halfway through 2023 – you can see the dark blue line being below 0 for that period (or, equivalently, that the medium blue line was above the light blue line). Halfway through 2023, it then rises above 0, and has been above since that point. But the period of time that it was decreasing (a bit over two years) was about twice as long as the one year that it’s been increasing, and during that decrease period, was decreasing faster than it increased over the last year. So they’re rebounding, but they won’t be where they were immediately prior to the crisis.

      • littleblue✨@lemmy.world
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        5 months ago

        So, basically, they’re not saying anything worthy of a headline, much less a whole article. Thanks for letting us know… smdh.

      • HubertManne@moist.catsweat.com
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        5 months ago

        Thank you. These articles have made no sense to me but admittedly I have not bothered to rtfa after a bit as it felt like bs. This at least explains it. Funny that they are speaking non inflation adjusted which is likely what I am feeling.

    • 555@lemmy.world
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      5 months ago

      Yeah I am not making the ~25% more I should be making to stay even from 2019 to now.

      • HubertManne@moist.catsweat.com
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        5 months ago

        yeah. its funny the unrelated articles that I see related to it. Dr. Pepper becomes the number two soda seller. Don’t know about anyone else but around me dr. pepper is the only soda that comes up as 99 cents for a 2liter about once a month. Even the generics do not go on sale that often to that price and 69 cent 2liters are long gone. As one person pointed out in another thing the fed uses a basket of goods that changes based on what people are buying so if folks buy cheaper options out of necessity then that is not included in inflation numbers.

    • GiddyGap@lemm.ee
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      5 months ago

      The article is talking macroeconomics, you’re talking microeconomics. Two different worlds.