(August 13, 2018 at 3:43 pm)alpha male Wrote:(August 13, 2018 at 3:17 pm)RoadRunner79 Wrote: Yes, for cost of living increases,
Yes, I meant in real dollars. From what I've seen, the bottom half or so of the US is making the same in inflation-adjusted dollars as they were 50 years ago.
Conceptually, is this a problem? Is a cashier today doing more than a cashier 50 years ago?
I don't believe so.
However, I may quibble some over basing it only on output. Much like a purchase decision, wage is a negotiation based on supply and demand, what it's worth to the consumer and so on. On both ends, you can ask for what you want, but you also have to keep in mind what the guy down the street is selling or buying.
It is said that an argument is what convinces reasonable men and a proof is what it takes to convince even an unreasonable man. - Alexander Vilenkin
If I am shown my error, I will be the first to throw my books into the fire. - Martin Luther
If I am shown my error, I will be the first to throw my books into the fire. - Martin Luther
