Quote:
Originally Posted by 2000cs
What worked about that era was that wages, with a lag, generally kept up with prices, and opportunities returned as unemployment fell.
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Agree. From 1980-1990 incomes rose on average 8% per year, compared wit 5% growth from November 2013 to November 2023 (latest data available).
In a smaller time window from November 2018 to November 2023, income increased only a bit more than 5% per year, through the pandemic and inflation bumpiness.