@Stahesh I would like more information about this. Simply listing those numbers will not convince me of any conclusions. (I'm not speaking against you, Stahesh, I'm speaking to whomever created this. This is how propaganda works.)
@DoubleD Hard to see the data when they can hide it.
Main problem that with inflation wage almost the same while company profits go up and they even increase their prices so workers wages must go somewhere be it owner, CEO or managers
https://australiainstitute.org.au/post/soaring-profits-weak-wages/
https://jabberwocking.com/raw-data-profit-vs-personal-income-in-the-united-states-1980-2022/
The race for shareholder profits has left workers in the dust, according to new research
https://www.washingtonpost.com/us-policy/2019/02/25/race-shareholder-profits-has-left-workers-dust-according-new-research/
@Stahesh The third link's original study gives a 404 error, and it's title (from the link) communicates an agenda: "RI_EndingShareholderPrimacy_workingpaper_201902.pdf" I do not trust a word of the article because I cannot verify the original research. In my opinion, this is a valid cause to throw out the source.
@DoubleD Interesting did not looked deeper
My main problem as many of Gen Z like me can see that we do much more work and provide more values than older generations but see same pay or little increase compare to infaltion
I mainly talk about the jobs that were not automated and stayed the same but many companies have just skeleton crew that get paid almost same as many years ago
When I see during my 10-15 years how many products cost double and wages hardly move by 1-3% to follow inflation
@Stahesh Companies are working with skeleton crews and running them ragged because their costs have gone up.
Remember that there is no such thing as "the economy" in a literal sense; that is only a label: There are only individuals making specific transactions for specific goods and services at specific times under specific conditions. Those who favor intervention tend to use graphs like these because it obfuscates that truth.
@Stahesh Be skeptical of everything, especially graphs and arguments that amount to appeals to emotion or that play on your desires.
Ask, "What is their solution to this supposed problem?" They'll probably tell you, and you'll find out just how much they want you to serve their own interests...
@Stahesh Lecture over.
@Stahesh I sympathize with you on that matter. I cannot speak about those graphs' implications, but I do know that government spending paid for by inflation is out of control, and inflation acts as a tax on everyone, the consumers and the producers. If you want a target for the cause of wages not rising faster, blame those who tamper with the free market. In the free market, wages rise and fall with their supply and demand.