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I spent hours trying to persuade US voters to choose Harris not Trump. I know why she lost | Oliver Hall
(www.theguardian.com)
this post was submitted on 09 Nov 2024
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politics
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To be very fair real wages grew during Biden's administration, but probably not enough and definitely not for everyone.
I think that the problem is that the metric used for measuring the wages growth is an average:
In a society where most of the wealth goes to a few, an average is not necessarily a good measure:
I like this image from this article from the fed
They have the following remark below this graph:
Edit, from the bottom of the article:
Wanna bet the places and sectors that are doing worse than median wage growth and inflation are rural and manual labor things? That second one especially I think could explain why some gen z men voted the way they did.
If I interpret the first figure of this article correctly, the 25% poorest of the population have always been 'shafted no lube' (pardon my economists jargon), but were about to have a wages growth above inflation; before the fight against inflation was finally won (well done, joe) and the slaves slaved again.