After adjusting for inflation, wages are higher than at any point in U.S. history, and after adjusting for age and sex, the percentage of the population that is employed is around its peak in U.S. history.

  • irotsoma@lemmy.world
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    26 days ago

    Hourly wage is just as useless as unemployed percentages since neither count a large group of people. Unemployed statistics don’t count gig workers, service workers, etc., who are chronically underemployed. But even if you count their hours as a percentage you still would exclude all of the gig workers who are paid per job that can often span multiple hours. But none of that information is tracked, so it can’t be accounted for proportionally. So these stats are purposely worthless and tell the story that the wealthy want to tell so they can keep getting wealthier and pretend they aren’t taking that wealth from everyone else.