| ▲ | regularization an hour ago | |||||||
The US Department of Labor measures wages, and adjusted for inflation the hourly wage is below what it was in 1973. It is even lower if you are only counting non-management roles then and now. Wages have not gotten better over the past half century they have gotten worse. Workers now work more hours pee year to try to catch up to what they made back then, so working conditions are worse now as well. | ||||||||
| ▲ | WalterBright 31 minutes ago | parent [-] | |||||||
This corresponds with the increasing share of the economy consumed by the government. > the hourly wage This is a misleading statistic. The actual statistic is "total employee compensation", which includes the benefits packages, the (so-called) employer contribution to SS, 401k employer contributions, etc. The TEC is often worth up to 150% of the wages. | ||||||||
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