• laverabe@lemmy.world
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    4 months ago

    Average is a terrible statistical metric for wages. It means nothing other than the rich are getting richer. Median is a more accurate representation of what most people earn.

    From Jan 2017-2021, median wages increased 6% ($352 a week to $373), whereas Jan 2021-today wages have decreased 2% ($373 to $365). ^ Add that to rising costs of food and housing and economically, by the numbers, Biden is not doing great on the economy.

    I don’t think this is necessarily a bad thing long term for the country, but it is bad politically in the short term for democracy with an election in 4 months that will determine whether we retain a democracy or shift to a fascist system of government.