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But adjusted for inflation, wages haven't kept pace well either, so either way, it's worse for the lower classes in terms of quality of life.
by deepnotderp 9y ago
But adjusted for inflation, wages haven't kept pace well either, so either way, it's worse for the lower classes in terms of quality of life.
- chibg10 9y agoBut it's nonsense to pretend that the only factor that's been driving inflation-adjusted wage stagnation is Reagan's economic policies. Globalization, automation, Baby Boomers retiring, healthcare costs, education costs, and a million other factors are influencing that too. Trying to parse the effect of Reaganomics economic policy by looking at one country in one 20-30 year period among all the other effects is an impossible task. In lack of any significant empirical evidence, I'd rather rely on reasonable economic theories than politicians trying to win the votes of an angry mob.
- prostoalex 9y agoWages excluding healthcare costs haven't, wages including healthcare costs have. https://www.bloomberg.com/view/articles/2016-09-28/health-care-costs-ate-your-pay-raises https://www.bloomberg.com/view/articles/2016-09-28/health-ca...