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Wages have not been stagnating [1]. Median wage has stagnated but that is due largely to the polarization of the labor market of which has been talked about lo

• internaut 10y ago
  I agree with those statements. I'm not sure we agree on what they mean though. World becomes more zero sum when growth plateaus. Only now it is proposed that everybody and their dog get PhDs in god only knows what. Diminishing returns are exactly stagnation. I know blue collar workers making more money than people who took extensive study and got 'good' jobs. This is despite the fact those workers haven't actually had wage increases themselves! They're just working long hours for more pay. We're stuck in a rut. It could be the case that technological stagnation is created by technology itself. A hairy subject! If I remember rightly wage increases for the higher percentile aren't that great either. I mean they are better than zero but not as great as they used to be. Makes sense since their market of consumers is drying up as everybody becomes cash poor except for those making toys for the actual rich.