I'd like to see numbers on the distribution of wage increases. Economists love to point to wage increases as if they're inevitable, but I suspect that is not m

I'd like to see numbers on the distribution of wage increases. Economists love to point to wage increases as if they're inevitable, but I suspect that is not most people's experience. Anecdotally it feels like there is a small class of white collar workers who can reasonably expect guaranteed wage increases, and there's everyone else who's wages are basically flat for the majority of their working years. If many people's wage increases are flat, it kind of ruins a lot of these economic arguments like, "Pay your house off as slowly as possible because inflation eats into the debt" or "Student loans are cheaper because inflation reduced the debt". Inflation doesn't magically reduce anything, it just makes everything more expensive. It's the wage increases that make things cheaper, and unlike inflation, the Fed doesn't guarantee that those are going to happen. Just the opposite in fact.