"But despite the strong labor market, wage growth has lagged economists’ expectations. In fact, despite some ups and downs over the past several decades, today’s real average wage (that is, the wage after accounting for inflation) has about the same purchasing power it did 40 years ago."
https://www.investopedia.com/ask/ans...-years-ago.asp
https://reason.com/2016/01/19/cost-o...nation-in-the/
https://www.pewresearch.org/fact-tan...d-for-decades/
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