For everyone who thinks CPI is an accurate measure of inflation, consider this chart: [0]
It shows real wages mostly flat or increasing since the 1980's. I've noticed that the same people claiming CPI is accurate also tend to complain about decreasing cost-adjusted standards of living for the median worker. Those opinions can't both be correct (hint: the second one is correct).
It shows real wages mostly flat or increasing since the 1980's. I've noticed that the same people claiming CPI is accurate also tend to complain about decreasing cost-adjusted standards of living for the median worker. Those opinions can't both be correct (hint: the second one is correct).
[0] https://fred.stlouisfed.org/series/LES1252881600Q