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[quote=Anonymous]Real wage growth has been stagnant since the early 1970s despite huge gains in productivity and corporate profit. People with capital to buy real estate have seen huge gains as have those with investments in stock market and those who share more directly in corporate profit. Tax laws that seems radically in a conservative sense in the 1980/ would now seem left of Bernie Sanders so all those corporate profits go back into the top earners and  shareholders. Meanwhile college healthcare and housing have risen sharply. The top few percent have increased their wealth significantly while the rest have seen their economic power stay stagnant or decline. 
My parents sent two of us to Ivy League schools and had a 4 bedroom home on one professors salary in Southern California. To replicate that lifestyle our Hhi would now need to be about 600k (it’s not).  This is ultimately unsustainable politically and socially.

“A startling fact is that average real wages have grown by only 0.7 percent over the half century beginning in February 1973. In February 2022 dollars, wages have grown over this period by $0.18. There is no question that an $0.18 increase over a half century is correctly interpreted as stagnant”[/quote]

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