To be fair, one of the definitions of “stagnant” is “stale or foul from standing, as a pool of water,” and there is literally no foul odor or taste from the past half century of suppressed wage growth, nor is it something that could be accurately described as wet. So best not to use that word. - ThreadSky

To be fair, one of the definitions of “stagnant” is “stale or foul from standing, as a pool of water,” and there is literally no foul odor or taste from the past half century of suppressed wage growth, nor is it something that could be accurately described as wet.

So best not to use that word.

Reposted from Economic Policy Institute

Wage growth since 1979 has definitely been suppressed, but EPI has decided to stop describing the entire post-1979 period as one of “wage stagnation.” #EconSky

@elisegould.bsky.social and @joshbivens-econ.bsky.social explain our reasoning:

www.epi.org/blog/wage-gr...

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