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Specific cities with poor housing policy (SF, Boston, DC, NYC) have because housing has gotten more expensive. But overall wages have grown faster than prices over the last 40 years:Employed full time: Median usual weekly real earnings: Wage and salary workers: 16 years and over
It's more than just those cities... If only it were those cities than we'd be living in paradise everywhere else. (y)

370 weekly earnings x 4 =1,480 maybe 1,500 rounded off. In the lowest point in the graph you referenced , 1981, the weekly earnings are 304. They have increased 66 dollars to reach the 2020 median. The graph also references this is pre taxes and deductions. Even if we are talking gross salary. How far is your 1,500 dollars going in 2020 in comparison to your 1,200 dollars in 1980's?
 

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It's more than just those cities... If only it were those cities than we'd be living in paradise everywhere else. (y)
Nobody lives in paradise. Let's stick to the topic of earthly well-being. Wages have increased faster than prices over the last 40 years, thus Americans are marginally better off.

370 weekly earnings x 4 =1,480 maybe 1,500 rounded off. In the lowest point in the graph you referenced , 1981, the weekly earnings are 304. They have increased 66 dollars to reach the 2020 median. The graph also references this is pre taxes and deductions. Even if we are talking gross salary. How far is your 1,500 dollars going in 2020 in comparison to your 1,200 dollars in 1980's?
Given that these are inflation-adjusted numbers, it's going to get you roughly 25% farther.
 
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