According to ECI (change in the hourly labor cost to employers) and "official" CPI, wages have been keeping up with inflation (BLS), albeit barely.
But we know that CPI is artificially low and that *real* inflation is much higher.
Same problem; same solution: #bitcoin 
The inflation story's always the same; whether 1971-2023, this past year, or in this case, a two-year period from April 2021 to April 2023, wages aren't keeping up for the majority of Americans
To resolve this, people can simply save in the best savings tool in history: #bitcoin 
#[0] for ur NYT collection if useful 🤝🧡
I totally hear u and know from experience growing up as well what ur talking about. It’s not a magic bullet obviously.
That said, I’ve done a deep dive on whether or not those below poverty both in the US and in less developed countries save money. The answer in both is that yes, some do save but of course not everyone. However the probability of saving appears to increase once barriers are removed (initiation fees, maintenance fees, etc when it concerns banks).
The other part we both know is that education is key. It takes a long time to learn that saving in bitcoin very well may be the only chance to exit poverty over time. Once people know that this method is their best bet, perhaps more will save and never sell.
In the end, not everyone will be able to. Hopefully over time more will realize this is the way and even if only thru very small amounts it’ll one day add up. I remain hopeful.
Appreciate greatly ur perspective as it’s crucial to learn as much as possible so that we can keep trying to teach to our best ability 🤝🧡
I totally hear u and know from experience growing up as well what ur talking about. It’s not a magic bullet obviously.
That said, I’ve done a deep dive on whether or not those below poverty both in the US and in less developed countries save money. The answer in both is that yes, some do save but of course not everyone. However the probability of saving appears to increase once barriers are removed (initiation fees, maintenance fees, etc when it concerns banks).
The other part we both know is that education is key. It takes a long time to learn that saving in bitcoin very well may be the only chance to exit poverty over time. Once people know that this method is their best bet, perhaps more will save and never sell.
In the end, not everyone will be able to. Hopefully over time more will realize this is the way and even if only thru very small amounts it’ll one day add up. I remain hopeful.
Appreciate greatly ur perspective as it’s crucial to learn as much as possible so that we can keep trying to teach to our best ability 🤝🧡
We all know that CPI is lower than costs such as food and electricity, things we need to consume daily
But real average wages still haven't even tracked with CPI for the last two years:
3/21-22: CPI = 8.5%, real earnings = -2.4%
3/22-23: CPI = 5%, real earnings = -0.7%
What happens when people are slowly getting poorer and most don’t know there’s a clear reason for it? What might that stress do to their lives and their interactions with others?
A #Bitcoin Standard does fix this. But till then, people can take matters into their own hands and start saving in bitcoin today to combat this.
For some reason I could zap from the button on ur post but ur right, it DID work from your profile page 🫡
Ser, I tried to zap this reply of yours but it didn’t work. Do u have a wallet linked?
Will try again as time progresses 🤝
GM "Real average hourly earnings decreased 0.7%, seasonally adjusted, from March 2022 to March 2023” (BLS)
The slow bleed of working the same and making less continues due to inflation
Workers don't need to be market experts to fix this; they just need superior savings: #bitcoin
Exactly it. And if policies fixed this for low- and middle-income earners, we’d see the results, but we don’t. Therefore, people need to take matters into their own hands and start saving in better money 🤝
Don't be fooled by CPI: Food at home is still +8.4% and food away from home +8.8%; electricity is still +10.2%
Unless you got a raise for ~+10% over the last year, you are falling behind on mandatory daily costs
But saving in #bitcoin , you won't suffer when wages don't keep up
Over a 34-year period (1979-2013) middle earners' wages only increased by 6% after controlling for inflation (CPI inflation, NOT what people need to live)
Saving in #bitcoin long-term presents an opportunity for low- and middle-earners to *actually* experience the American Dream
On income, using the median is usually preferred to the mean bc the latter is skewed by the top. However, means can still show a relative rate of change.
The middle 3 income quintiles would have earned much more had they followed the overall income average rate.
Got #bitcoin ?
Blue bird is back fyi
If u ever need a proxy feel free to enlist my services 🫡
Awesome to hear ser 🫡
Look forward to ur return when/if it happens and much love till then 🧡
That’s fair 🫡🧡
Oh snap missed that! Well, SC ain’t the same without u guys 🧡
Just filed a Missing Legends Report
