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It's consistent with the wage trends in the economy at large: if you're at the director level you can expect stratospheric wage increases year over year. Every
by crunchlibrarian 8y ago
It's consistent with the wage trends in the economy at large: if you're at the director level you can expect stratospheric wage increases year over year.
Everyone else, well real wages have been flat or declining, with some recent shorter term gains. Real income has increased by a whopping 5.1% in 12 years. [1] If you shift the timeframe back to 1978, real wages are unchanged. [2]
Supply and demand has become fundamentally broken in the labor market. It doesn't work anymore.
[1] https://www.forbes.com/sites/eriksherman/2018/09/09/as-some-cheer-wage-growth-rate-median-income-is-only-up-by-5-1-since-2006 https://www.forbes.com/sites/eriksherman/2018/09/09/as-some-...
[2] http://www.pewresearch.org/fact-tank/2018/08/07/for-most-us-workers-real-wages-have-barely-budged-for-decades/ http://www.pewresearch.org/fact-tank/2018/08/07/for-most-us-...