Ok, I looked it up. Here’s what I found from investopedia:
Real income is how much money an individual or entity makes after accounting for inflation and is sometimes called real wage when referring to an individual’s income. Individuals often closely track their nominal vs. real income to have the best understanding of their purchasing power.
Now that I have an exact definition, explain how anything I wrote was a “dumbass question.” Frankly, I don’t think I’m the dumbass here…
That’s the crux of their question, not what real wages means.
If it’s defined by an individual then how is it calculated across the entire working class for you to say it’s increasing. Median, average? Are we all sharing in that growth or only the top?
Bro, go look up “real wages” before you bring some dumbass questions in here.
Ok, I looked it up. Here’s what I found from investopedia:
Now that I have an exact definition, explain how anything I wrote was a “dumbass question.” Frankly, I don’t think I’m the dumbass here…
“Is it average real wages? Median?”
That’s the crux of their question, not what real wages means.
If it’s defined by an individual then how is it calculated across the entire working class for you to say it’s increasing. Median, average? Are we all sharing in that growth or only the top?