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Another point: for equivalent models. Car manufacturers over the past two decades have been dropping the more affordable sedans and such from their lineups, favouring their more expensive SUVs.
Adjusted to inflation they’ve basically kept up on price for the equivalent model, but income hasn’t followed inflation…
Another point: for equivalent models. Car manufacturers over the past two decades have been dropping the more affordable sedans and such from their lineups, favouring their more expensive SUVs.
Maybe domestic manufacturers but that’s because they built terrible, disposable cars that nobody wanted.
Real wages are actually up even against the high inflation of the last few years.
Highly dependent on your industry and location. There’s a lot of people still on actual minimum wage. And it sucks…