From http://www.epi.org/publication/charting-wage-stagnation/ |
Wage stagnation is a problem for everybody, including recent college graduates.
"Wage stagnation" is the term used to describe the situation many workers find themselves in - no real change in their earning power over significant periods of time.
This is like getting stuck on the first rung of the ladder, unable to climb any higher.
http://www.npr.org/2017/08/03/541220868/why-america-s-wages-are-barely-rising
https://www.washingtonpost.com/news/wonk/wp/2017/05/08/researchers-have-answered-a-big-question-about-the-decline-of-the-middle-class/
http://www.latimes.com/business/hiltzik/la-fi-mh-conservatives-income-inequality-20150803-column.html
What's the answer? Maybe raising minimums is the right move, it seems to be working in some areas.
https://phys.org/news/2017-01-california-minimum-wage-big-impact.html
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