> Has the wages not been stagnating Yes and no. A larger share of wages have been diverted to non-wage income, like health insurance especially in the US. Ther

> Has the wages not been stagnating Yes and no. A larger share of wages have been diverted to non-wage income, like health insurance especially in the US. There's also increased inequality and issues with trying to measure wages over several decades as the typical household changes -- see "where has all the income gone" [1] > has house prices not been creeping up Sure, but this is a separate topic. The dates line up by coincidence. There's a long history of urbanism (zoning, suburbanization, etc.) and migration (immingration and rural -> urban migration) as well as atomizing households (fewer nuclear families meaning need more housing units) that led to this. The point is 1971 is nonsense even if a lot of the trends over 3-5 decades make sense, but for disparate explanations. And any topic has 2-5 separate subtopics that matter (eg. income is tied to healthcare costs, inequality of capital gains vs labor income gains, etc.) 1. https://www.minneapolisfed.org/article/2008/where-has-all-the-income-gone https://www.minneapolisfed.org/article/2008/where-has-all-th...