this post was submitted on 19 Sep 2023
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chapotraphouse
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I think it's a little lower, between 17-19%. Average hourly wage has increased about 10% during that time period. Couldn't find median which would show an bleaker picture. Not to mention the general problems with CPI.
Yeah, it misses a lot of cases because average is gonna flatten a lot.
Like I had a run of good raises where I ended up making out well above that 10% increase in pay due to changing jobs, but at the same time average rent doubled, food prices went up 25% on average, and the fact that per squarefoot rentals have gone down added storage costs to my life because everytime we have to move we're paying more for less space.