Let's use the actual numbers [1] instead of a statement from 5 years ago that things are "about the same" as 40 years before. The average hourly wage for Produ

Let's use the actual numbers [1] instead of a statement from 5 years ago that things are "about the same" as 40 years before. The average hourly wage for Production and Nonsupervisory Employees in the highest month of 1970 was $3.50, or $26.88 in current dollars. The current average hourly wage is $28.96. Thus, real wages are higher today than they were in 1970. [1] https://fred.stlouisfed.org/series/AHETPI https://fred.stlouisfed.org/series/AHETPI