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Maybe all the loose regulations will give us a new financial crisis.
The stock market doesn't mean crap for most average people who earn the vast majority of their money through wages. I'll be impressed when wages go up.
We also have de facto taxes in the form of high health care costs and education costs, which you have to get for a decent job. Even if you want a trade... ie: if you want to repair cars for a living, you need MUCH more education than 20 years ago.
Or we could say they haven't improved in an inflation adjusted sense since the year 2000, a damn long time ago.
It's improved a lot since 2011 anyway.
We haven't improved much since the 70's, and most of that was because workers/household increased til ~2000. Basically wages have been stagnant for 40 years. But the wage growth over the last 5 years has been quite good.
We haven't improved much since the 70's, and most of that was because workers/household increased til ~2000. Basically wages have been stagnant for 40 years. But the wage growth over the last 5 years has been quite good.
It was just filling up the hole the recession put us in.
A little like finding a dollar on the sidewalk after having lost the rent at the craps table.
Quote:
Originally Posted by rruff
We haven't improved much since the 70's, and most of that was because workers/household increased til ~2000. Basically wages have been stagnant for 40 years.
Pushing wages down (as well as other forms of worker compensation) has been an almost uninterrupted national policy since Reagan. The business of America is not business -- it's messing with the lives of employees and their families in order to enrich stockholders. Productivity gains used to be about evenly split between wage gains and corporate profits. Now? Well, it's quite a different story these days!
Quote:
Originally Posted by rruff
But the wage growth over the last 5 years has been quite good.
On the heels of such a spectacular decline as the Great Recession brought about, it may not actually be quite as "quite good" as you say. And the new sheriff in town seems intent on returning to 1910 at the latest. This does not bode well.
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