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by karpodiem 2379 days ago
Unemployment is low but wages aren't going up. Then again, wages haven't increased in the last thirty years.

Lack of wage growth is where the perception of societal stratification and divergence is coming from.

1 comments

How is that related to what I said?
The point of all of this intervention is to increase the well being of the individual through higher wages (specifically, purchasing power) relative to our global peers. The same sort of wage growth that happened organically in the US for most of the 19th and 20th century.
I agree that that is one of the points of it, sure. I think that's compatible with what I said.