"Since President Biden took office in January 2021, the increase in prices due to inflation is over 14%, resulting in a loss in real wages of nearly 4%"
https://budget.house.gov/press-release/fiscal-state-of-the-u...
"Americans With a College Degree Saw Wages Decline the Most in Two Decades"
https://www.bloomberg.com/news/articles/2023-02-10/americans...
"Between 1973 and 2015, real hourly earnings for the typical 25–54 year-old man with only a high school degree declined by 18.2 percent"
https://www.aeaweb.org/articles?id=10.1257/jep.33.2.163
You can zoom in to any point on the chart to tell whatever story you wish.
Every recession labor gives up a little more ground and never gains it back.
More reading: https://fredblog.stlouisfed.org/2019/08/capitals-gain-is-lat...
"Since President Biden took office in January 2021, the increase in prices due to inflation is over 14%, resulting in a loss in real wages of nearly 4%"
https://budget.house.gov/press-release/fiscal-state-of-the-u...
"Americans With a College Degree Saw Wages Decline the Most in Two Decades"
https://www.bloomberg.com/news/articles/2023-02-10/americans...
"Between 1973 and 2015, real hourly earnings for the typical 25–54 year-old man with only a high school degree declined by 18.2 percent"
https://www.aeaweb.org/articles?id=10.1257/jep.33.2.163