What the hell is going on with the housing market? With Morgan Housel
The Hustle Daily Show
00:00
The Tangental Trend of Stagnating Wages
Stagnating wages was the most important economic story for forty years. The segment of the economy that has had the highest wage growth are the lowest income earners. For 40 years, used to be the rich people doubled their income every couple of years and everyone else, good luck. In real terms, adjusted for inflation, your wages are going down. A really interesting thing was the political push for a 15 dollar minimum wage. It's always as goes in these cycles. Lhike, good news and bad news. Can't persist indefinitely.
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