62 Percent of All U.S. Jobs Do Not Pay Enough to Support a Middle Class Life

The actual study quoted:

https://www.thirdway.org/report/the-opportunity-index-rankin...

Note that a middle class job in their definition pays around $44k to $80k while "professional" jobs are >$80k and the data is really for a family of four when accounting for middle class and professional.

What percentage of those are transitional jobs? I left school and worked a few years at terrible pay. But I'm older now and earn a good wage. I don't see a problem with people following these steps.

There are 2 ways this happens:

1. People are getting paid lower than the cost of goods and assets

2. Goods and assets are priced above what people can afford

I suspect its number 2. All asset prices are completely out of whack with what people can afford.

The only only way out of this is a depression in asset prices.

Labor supply is increasing due to more women and people from third world countries joining the global workforce. In longrun salaries should stabilize globally.