this post was submitted on 02 Jul 2024
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[–] tal 25 points 4 months ago* (last edited 4 months ago) (2 children)

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.

[–] littlebluespark@lemmy.world 8 points 4 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 6 points 4 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.