Why have middle class wages been stagnant for decades in the US?

Carnalpleasure
Carnalpleasure

Why have middle class wages been stagnant for decades in the US?

Skullbone
Skullbone

It hasn't, businesses are just obliged to cover dental plans, paid vacations, maternity leave and innumerable other things commies and plebs keep asking for. Due to the invisible hand and market forces this is inevitably taken out of wages.

Flameblow
Flameblow

Because Equality and mass immigration means the workforce has doubled, meaning employers don't need to worry about retaining workers. Plenty of other desperate suckers in line if you don't like the pay

Sharpcharm
Sharpcharm

Imagine if people read Rich Dad POor Dad

Techpill
Techpill

Boomers not retiring and shitting up the work force

StrangeWizard
StrangeWizard

Actually it's not just the middle. There was a study recently that examined incomes very carefully and it determined that income is stagnant across the board up until the about the 99.8 percentile.

idontknow
idontknow

Would love to see it, but I doubt it. Whatever treend there is, more than 1% should benefit b

massdebater
massdebater

Because any moves towards european-style healthcare and worker's rights have been lobbied down hard by the people buying the politicians.
Don't like it? Leave the USA.
American education
Oh, wait. Nobody wants you.

kizzmybutt
kizzmybutt

european-style healthcare and worker's rights
Found the butthurt Europoor.

CouchChiller
CouchChiller

Unions are kill

Supergrass
Supergrass

Would unions even be possible? We barely have any industrial workers anymore. And I don't imagine engineer or lawyer strikes.

Garbage Can Lid
Garbage Can Lid

Unions aren't exclusive to industrial workers.

In Europe they even have white collar unions

SomethingNew
SomethingNew

What? My job is fine. I get paid more than 80% of americans for something literally entry level.

Butthurt ameripoor detected.

Emberburn
Emberburn

I get paid
Sure you do.

Bidwell
Bidwell

outsourcing, immigration, automation, etc. The trend will continue for the forseeable future.

Snarelure
Snarelure

Germany and France also have falling unionization rates. The only countries where unions coverage is still everywhere is Scandinavia.

Evilember
Evilember

Because Capitalism for better or worse is the last man standing - it has no ideological competition. With the parity of capitalism to communism/socialism the big wigs were a bit cautious about the workers switching en masse in the best case, or starting up the guillotines in the worst case. Now that communism has been discredited, there is no such incentive. Hence more and more money is funneled to the top, with vast majority only getting enough to pay for rent, food and bread and circuses. Western Europe got it right, businesses serving their communities, while US got it wrong (outsource as much as possible, grab and the cash and run).

askme
askme

Europe is experiencing similar trends, sadly.

Otherwise, you're right, I think the fall of Communist as an (even if non viable) alternative made politicians lose interest in trying to appeal to the unemployed and exploited.

Methshot
Methshot

If you like being taxed 20% higher than most other 1st world countries and you have a homogenous population, it could work for America.

So I support your assertion that there should be a race war.

TechHater
TechHater

I never said Communism is better, I said that it acted as a potential alternative and just by existing introduced competition. Competition is good for consumers - in this case people who work for wages, 95% of population.

Gary is a pretty smart man and what he talks about in that post is how incentives affect people. Take away the incentives and productivity and creativity goes down, he is right about that.

I wonder how 2000 years before on the streets of Rome slavery was seen as normal. If civilization keeps developing even at linear rates, and would achieve post scarcity a la Star Trek can the world really have such a giant gap between the richest and everyone else, and function well enough for all?

AwesomeTucker
AwesomeTucker

"We all live in Amerika", very underrated song of its times. WEuropeans, especially Germans seem smart enough to protect their industry and invest long term instead of selling out their workers, taking the money and running. Probably a very big factor in the quality of their products.

JunkTop
JunkTop

Personally I think once automation is much better there will come a point we will need to have some sort of basic income, from there I'm not too sure where it would go as it would only really be the first step in creating a new system.

Stark_Naked
Stark_Naked

I am Germany, and Germany is sadly not as well-spirited as you might think. We've thrown Southern Europe into a recession-austerity spiral and are thriving off it.

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