Notice how everyone's wages were doing fine for TWO DECADES after Volcker was the FED chair? It's not coincidence. He was the most criticized FED chair in history because his policies WORKED for the working class. Fast forward to today, and we have turned the dollar into infinitely dividing pieces of confetti. These clowns at the FED are nothing more than puppets for the 1%. Real wages down 50% from 2000 and 20% from 2020.
Hard to say it but I really don't see how this could ever improve unless we stop using the dollar. Now if only there was a currency where the money supply couldn't be expanded with political willpower...
Good luck and hedge your bets
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Here's the chart against WAGES divided by CPI in white. In other words, we have:
In white: What the FED says the spending power of your wages are In green: What the money supply (input=output) says the spending power of your wages are
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Note: This chart is based on some weird FED index of aggregate wages, so expect a lot of wool over our eyes here and assume these green lines are being GENEROUS.