Wild to write an article where point 1 is “Decline in real wage growth. Check” in the time period with the first real wage growth in decades.
Who cares what the gamed metrics say when Housing and food and education are pretty unaffordable for some people, arguably for a whole generation of Americans. The problem is worse outside of stem. Even inside stem jobs I see people choosing to stay childless due to the expense, literally planning to die young because retirement planning seems like a crazy ideal.
It’s not everyone but how many do we need to say there’s a problem? Not sure how people can still be in denial about these things.
To maintain his buying power since 1963, a blue-collar production worker should be earning about $5000 a week 60 years later. That just does not occur.
It's the main reason that the US is no longer as rich and powerful as it was in the 1960s. If the 'working man' is not able to spend as much as he once could, the economy is a lot weaker than it should have been.