Quote:
Originally Posted by Outdoorsman
Thirty minutes later you posted this
Quote:
Originally Posted by thinkxingu
"But despite the strong labor market, wage growth has lagged economists’ expectations. In fact, despite some ups and downs over the past several decades, today’s real average wage (that is, the wage after accounting for inflation) has about the same purchasing power it did 40 years ago."
|
You can't have it both ways. Not even in today's world. |
Yes, but access to well-paying jobs and the costs to achieve those wages has increased. Trade schools, colleges, certification programs, etc. have all exponentially increased and jobs that don't require any education have had the least amount of increases.
Again, it's not impossible, but it's no longer a given that hard work is enough and in an economy like today, where employees are in the driver's seat, increased wages may be a necessity.
Sent from my Moto G (5S) Plus using Tapatalk