I'm also curious to see if companies run by Gen Z pay better or worse than Boomer run companies. If they're not I don't see how the situation will change for the next generations.
https://www.epi.org/publication/charting-wage-stagnation/
but the prices of houses have shot up massively. So, not sure why you are so certain that wages rising would lead to significant inflation in housing prices.
If you hypothetically doubled everyone’s pay you think that wouldn’t lead to significant inflation in housing prices?
In any case real household income is up:
No it doesn't, continue reading.
Your own first data series suggests there's over ~15,000 Billion USD of personal disposable monthly income. Per capita, that would be something like 45,300 USD disposable monthly income.
I suppose this takes into the account all of the millionaires' and billionaires' capital gains, illustrating how little of the overall income is garnered by the US working class. And even in the stats I quoted, you can see the unequal distribution: The high-wage-earners' wages didn't stagnate, they increased; but low-wage earners earn less.
Anyway, the reason extra pay does not immediately translate to inflation is that price levels are the result of a combination of factors, including power relations of different social forces, and the distribution of income in society. If all wages were to double tomorrow, I suppose there would be some inflation in various sectors of the economy, but not uniformly, nor by anywhere near a factor of two.