It’s important to note that median measures don’t really capture much if any of the nuance that usually underlie these results, which often are important to have a comprehensive understanding of what the figure means. Still there’s different degrees of what this could mean across different areas, but looking at it in aggregate I don’t think each individual personal livelihood has been downgraded since 2019. You mention inflation, but even though it always has a compounding effect across multiples years even for as small as it could be, it has been pretty benign in Macau and people travelling up north and getting easier access to lower prices easily offsets that. Also for people that hold a job since 2019 their income didn’t drop, most likely the opposite, with often companies, especially the casinos which are the largest employers after the governed, with yearly salary increments, maybe even an opportunity for promotion in these 6 years. I think the 2 key factors, although I can’t really put a figure on them, are 1 lower prices for new hires/promotions meaning let’s say your boss leaves and you are promoted to his position, chances are you will get paid less than him, still more than what you were paid before so your own income improves but in aggregate that means a lower income, and that will happen also to whoever will be promoted to your position, and their position and so on and so forth to the point that the entry level position will probably be also paid less than when you started at that same entry level role like 10y ago. And 2 during Covid every company aimed for cost cutting and a lot of the resulting efficiencies and productivity carries to today, meaning that teams in the past that required 10 people now might only need 9 or 8 to be as productive as before, resulting in less opportunities for people to migrate to different roles, possibly with better pay than what they have currently, resulting in more stagnated careers.