Real wages have been constant in the United States over the past 70 years or more.

Name: Real wages have been constant in the United States over the past 70 years or more.
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Question

Quizplus · Accepted Answer

While nominal wages have increased over the past 70 years, inflation has eroded the purchasing power of those wages. Therefore, real wages (adjusted for inflation) have not remained constant but have generally trended upwards, although there have been periods of stagnation or decline.

Real Wages Have Been Constant in the United States Over