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Comment on "The Real Economic Story: 734,000 Jobs Not Created In April, Stop Blaming Workers"

"Look at manufacturing, where there’s a regular dirge that they can’t find enough employees. In March 2021, average hourly earnings of production and non-supervisory manufacturing employees was $23.33. In March 1970, they were $3.19. But scale up that 51-year-old figure through the Bureau of Labor Standards inflation calculator and by the power of rising cost of living, you’d have $22.12. A 5% premium for five decades, even as the savings from productivity skyrocketed."

The median employee age has increased 2.9 years between 1999 and 2019, probably more between 1970 and 2020. So this really isn't a premium, it's a yearly raise that's less than inflation.

https://www.bls.gov/emp/tables/median-age-labor-force.htm

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