Not sure why OP’s comment was flagged I think it’s pretty accurate. The government significantly increased the money supply in the 1970s, which contributed to r

Not sure why OP’s comment was flagged I think it’s pretty accurate. The government significantly increased the money supply in the 1970s, which contributed to rising inflation. Around the same time, immigration increased, and more women entered the workforce. As a result, maintaining the lifestyle that was once achievable on a single income began to require two incomes. This increased competition for jobs and contributed to wage stagnation. Then by the late 90's after NAFTA had taken hold, hundreds of thousands of good union manufacturing jobs were lost to Mexico. It's only gotten worse since then.