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venachescu | 2 years ago
I'm sorry, what recession?
https://www.americanprogress.org/article/workers-paychecks-a...
> In the year ending in November, real wages grew by about 0.8 percent for all workers and 1.1 percent for the 80% of workers who are production and non-supervisory workers. Further, wage inequality fell. The ratio of wages at the 90th percentile compared to the 10th percentile fell by nearly 6 percent over the year.
https://www.whitehouse.gov/cea/written-materials/2023/12/19/...
https://www.statista.com/statistics/1351276/wage-growth-vs-i...
https://finance.yahoo.com/news/strong-wage-growth-gave-ameri...
ender341341|2 years ago
My use of recession there may be a bit glib and poorly chosen, but people are feeling like job security is way down, and finding a new job is a way slower prospect than it has been. Every non-upper middle class and up person I regularly talk to has locked down their finances, upper middle and up seems to be less effected but still less likely to buy big purchases with interest higher than it has been in 15ish years.
I do thank you for your links though, those recovery stats are better than I thought they were, I probably should have put that reason on the bottom of my list with a disclaimer, I try to be much less doom and gloom than some of my family but it came across stronger here than I meant it too.