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While GDP is growing, there has been a long-term decline in wages as % of GDP: https://fred.stlouisfed.org/graph/?g=2Xa https://fred.stlouisfed.org/graph/?g=2Xa
by kmckiern 2y ago
While GDP is growing, there has been a long-term decline in wages as % of GDP: https://fred.stlouisfed.org/graph/?g=2Xa https://fred.stlouisfed.org/graph/?g=2Xa
The median worker's day-to-day perceived quality of life may be more aligned with this downward trend.
I'm not an economist, so please correct me if I'm wrong.