Wages over time

Start with the median wage at the bottom, adjusted to the deflator, it is real wages for the most common wage, minimum wage. It will be flat, by definition, it is as flat as the sampling regularity of the data.

The CPI line it that purple, and it has been trending lower than seasonally adjusted, nominal hourly wages. Real wages rising since 2015. That is a long time, actually, a long constrained labor market. I am almost certain that is boomers starting to retire. It looks unsustainable compared to previous epochs, but it has lasted this far.