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by refurb 2693 days ago
Total compensation has almost doubled since 1970, adjusting for inflation.

Looking at wages alone is only half the picture.

1 comments

You are thinking of average compensation. Most reasonable people avoid talking about average compensation, since income has concentrated into the hands of the top workers. The top 1% of Hollywood actors, sports athletes and Wall Street hedge fund traders make several million dollars a year, and therefore they grossly distort the average. Their income hides the reality. If we focus on median income, of all forms, total real compensation for men has declined since 1973.