> The primary structural issue is that low-income wages have completely stagnated if not fallen with the inflation over the last several decades while wages for mid-upper to ultrawealthy have gone up, dramatically.
This is statistically untrue, though a very popular misconception. Median wages have increased slightly after adjusting for inflation over the past few decades [1]. Minimum wage has wavered a bit since then, but most people are not employed at the federal minimum wage [2].
This is statistically untrue, though a very popular misconception. Median wages have increased slightly after adjusting for inflation over the past few decades [1]. Minimum wage has wavered a bit since then, but most people are not employed at the federal minimum wage [2].
[1] https://fred.stlouisfed.org/series/MEPAINUSA672N [2] https://fred.stlouisfed.org/series/LEU0203127200A