this post was submitted on 04 May 2025
886 points (98.9% liked)
Funny: Home of the Haha
6963 readers
335 users here now
Welcome to /c/funny, a place for all your humorous and amusing content.
Looking for mods! Send an application to Stamets!
Our Rules:
-
Keep it civil. We're all people here. Be respectful to one another.
-
No sexism, racism, homophobia, transphobia or any other flavor of bigotry. I should not need to explain this one.
-
Try not to repost anything posted within the past month. Beyond that, go for it. Not everyone is on every site all the time.
Other Communities:
-
/c/[email protected] - Star Trek chat, memes and shitposts
-
/c/[email protected] - General memes
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
The aggregate economic power of workers went up, because the actual number of workers went up by 20 million, or 14% of the workforce as of July 2020, and the number of unemployed or involuntarily part time went down over that period of time. There were a lot more wages being distributed per unit population, even if the real wages slightly decreased per worker.
I mis-spoke by saying "net economic power of workers" instead of "economic conditions for the average individual worker". I have a feeling you understood what I meant anyway: People are hurting more and more.
My point is that there are at least 20 million people who were not in that category in July 2020 who ended up in that category in April 2025. So the economic conditions for the average person who worked at some point in that 5-year period is going to be a big improvement as the employment rate increases.
So if you try to stabilize the cohort you're looking at, whether it's the 140 million who were employed in July 2020 or the 160 million who were employed in April 2025, then tracking the moving median needs to be accounted for.
A comparison between July 2019 and July 2020 makes this obvious. The weekly earnings shot up from $964 to $1016 (5% increase in a year that only saw 1% inflation), but nobody would consider that to be an improvement in conditions. Instead, many of the bottom earning workers just got laid off, making their conditions worse. If that metric isn't a good standalone indicator of what average people are experiencing, it should be evaluated with the other metrics in mind, too.