There is something funny about that 17.3% Apart from it looking...

There is something funny about that 17.3% Apart from it looking like it's been added later.
USA average wage:
1979 11,479.46
2021 60,575.07
Over 400% increase. Even if it's per year, that's about 10%
I suspect the figure is some sort of relative measure...


Yes, over 400% increase in total.
The 17.3% total increase is total BS

Can't believe how many people on this forum simply accept things at face value without even thinking for a second about their veracity.


PS.
But, no, it doesn't equate to 10%pa.
It is 4%pa [derived by (60,575/11,479)^(1/(2021-1979)) - 1]

.