Post #27778 by albaby1 on the US Policy board

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Curious, though. Wages have kept up and then some.

Not a lot of "then some," though.

According to the BLS inflation calculator, that $28.55 in nominal wages in February 2020 (the last month before the pandemic) is equal to about $34.80 in current dollars. Nominal wages in September were about $35.36. So, basically flat over four and half years.

https://data.bls.gov/cgi-bin/cpicalc.pl?cost1=28.5...

Which is perhaps a good result, considering the pandemic, but not one that's going to make too many people cheer for Bidenomics. Especially since interest rates are so much higher. Which is one reason the Democrats are having some troubles with both older voters (who dislike inflation) and young voters who don't own their own home (inflation is great for people who have big fixed debts, less so for people who don't).

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