Which sounds good, until you dig a little deeper into the number,
like marketwatch did.
Marketwatch says that the top 1% saw wage growth of 3.7%. So, explain to me how the bottom 99%'s wages grew 3%, when that's just the
average of all wages, and we find out from marketwatch that the top's wages grew by
more than the average.
That would mean that the bottom 99% saw wage growth less than 3%, wouldn't it?
We also know from Marketwatch that the wage gains for the 1% were
four times that of the bottom 90%, and since the top 1% saw 3.7% growth in wages, that means wage growth for the bottom 90%
was less than 1%. And that's
not the real wage, either.
So if wages for the bottom 90% of workers grew just 0.92%, yet inflation according to you was 1.9%, then that means real wages for 90% of workers
declined by 1%.
In other words, #winning?