As with young college graduates, young high school graduates are experiencing a much stronger labor market today than before the pandemic and at any point since 2000. The fast economic recovery from the pandemic shock is a direct result of the aggressive fiscal policy response that matched the scale of the problem—in stark contrast to…
  • @fukhuesonOP
    1•7 months ago

    Right, what that says to me is that there are mixed increases and decreases.

    When deflating using CPI, we find smaller increases across three of the four measures and a decline in one measure.

    Could you tell me how that says there are consistent decreases? I mean, it even says there are consistent smaller increases.

    Edit: additionally, the data tool they provide shows an overall increase in pay with respect to CPI.