Another factor I don't see talked about is the increase in women's participation in the workforce. When wages were higher it was common to only have one breadwi

Another factor I don't see talked about is the increase in women's participation in the workforce. When wages were higher it was common to only have one breadwinner in the family. Today women are more likely to get a job (or two), which is bound to depress wages. The perverse effect of lower wages is that families are forced to take on more jobs than they did before, which depresses wages further. Not sure if there is causation between women's participation and wage stagnation, but logically it seems possible that this would cause a downward spiral. The more wages suffer, the more jobs/hours/years people are forced to seek to work, the lower the wages.