• SinningStromgald@lemmy.world
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    7 days ago

    Since the end of 2019, just before the pandemic, workers have basically just kept up. After inflation, average hourly wages are up 3%. For workers in aggregate, total compensation is up 8%. Meanwhile, profits have climbed 43%.

    My annual pay has increases since 2019 but not enough to keep up with inflation. The extra money from the government during COVID did a good job hiding this for a bit but once it stopped the problem became very apparent.