Live data from Hacker News

Poorest US workers hit hardest by slowing wage growth

ft.com

31–40 of 354 posts

Re: Poorest US workers hit hardest by slowing wage growth

#31
post #8
post #3

> The president wants his own people there so that, when we see the numbers, they’re more transparent and more reliable He wants people there to be his version of Minitrue, providing the numbers he wants to see, not the real ones: Reporting unworkers doubleplusun-good, rewrite fullwise upsub antefiling.

[flagged]

The President just fired the person in charge of reporting jobs numbers because he didn’t like the report.

Logically what do you think is about to happen?

Re: Poorest US workers hit hardest by slowing wage growth

#32
post #25

> Pay for the top 25 per cent of workers is up by 4.7 per cent in the year to June Wait what? Anyone here getting 4.7% pay rises?

Got an offer from a competitor, used it to negotiate a 20% raise.

Fairly certain the OP was talking about an annual "cost of living" adjustment, and not job searching for a better offer.

Re: Poorest US workers hit hardest by slowing wage growth

#33
post #8
post #3

> The president wants his own people there so that, when we see the numbers, they’re more transparent and more reliable He wants people there to be his version of Minitrue, providing the numbers he wants to see, not the real ones: Reporting unworkers doubleplusun-good, rewrite fullwise upsub antefiling.

[flagged]

On this topic- last year it was somewhat common for R politicians to criticize the D regime for the “report high, revise low” strategy - if anything, I guess, this firing has been telegraphed. Anyway, those people were also called conspiracy theorists and politically motivated. There’s clearly a conflict of interest between the facts and what is politically expedient on all sides of the political system in the USA.

I personally would prefer that the jobs numbers apparatus was extremely conservative in the sense that it didn’t overstate the strength of the USA economy. I doubt Trump has that goal in mind necessarily, laudable as it might be.

Re: Poorest US workers hit hardest by slowing wage growth

#34
post #8
post #3

> The president wants his own people there so that, when we see the numbers, they’re more transparent and more reliable He wants people there to be his version of Minitrue, providing the numbers he wants to see, not the real ones: Reporting unworkers doubleplusun-good, rewrite fullwise upsub antefiling.

[flagged]

Yeah, firing the labor statistics head because Trump say she's been faking the numbers to make him look bad actually makes it seem both obviously politically motivated and casts whatever comes after into doubt. Now their credibility is degraded.

That's different from just saying the numbers are obviously being faked under Biden or whatever with no real evidence because you just feel like the economy is bad and assume corruption. Now there actually does seem to be corruption!

Re: Poorest US workers hit hardest by slowing wage growth

#36
post #24

What slowing wage growth? For the poorest the wages have essentially not increased for a long time right? It hasn’t even kept up with inflation. The recent bill actually makes it much worse.

As far as I can tell, over the last few years at least, that's mostly not true: wages outpaced inflation, and it outpaced inflation more for lower-income workers than higher.

> In stark contrast to prior decades, low-wage workers experienced dramatically fast real wage growth between 2019 and 2023

https://www.epi.org/publication/swa-wages-2023/

("real wages" are wages adjusted for inflation)

Re: Poorest US workers hit hardest by slowing wage growth

#40
post #24

What slowing wage growth? For the poorest the wages have essentially not increased for a long time right? It hasn’t even kept up with inflation. The recent bill actually makes it much worse.

[flagged]

Median real wages are up since the 80s by quite a bit:

https://fred.stlouisfed.org/series/LES1252881600Q

Post reply on HN