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Wages have remained flat when inflation is taken into account, i.e. real wages are flat, nominal wages continue to increase. We also have seen upward movement
by dlp211 9y ago
Wages have remained flat when inflation is taken into account, i.e. real wages are flat, nominal wages continue to increase. We also have seen upward movement in median household income recently, and we should expect that trend to continue. So the idea of flat wages may be coming to an end.
What hasn't remained flat is the wages paid to the top N% which has greatly increased and accelerated the wealth gap. It is this gap that leaves people less satisfied despite being generally better off.
- MaybiusStrip 9y agoI would qualify: people aren't just dissatisfied because of the "unfairness" of growing inequality. The growth of the wealth gap has some very real ramifications, ie: on the distribution of power in politics.
- greedo 9y agoAs if the poor ever had any power in politics. Huey Long might have been a lightning rod for poor people, but it's not as if their votes have been courted since I've been alive.