Quote:
Originally Posted by red-beard
The most intersting part to note is that the after inflation adjusted numbers for the top 5% and top 1% of earners, decreased. The top earners are not keeping up with inflation, while the lower wage earners are gaining faster than inflation.
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What's really interesting is that someone actually did a research project to "discover" that a manager with a $200K salary cannot double his income as easily as a convenience store clerk.
It is pretty important to understand what this study says. It does not say incomes are rising. It says people, over time, earn more. Absolutely groundbreaking. And......people, as they mature professionally, can stay ahead of inflation. But what's NOT happening is that pay rates for jobs are not keeping up with inflation. And....perhaps the reason this study did not study that question or reach that conclusion is because it is a well-documented fact. This study confuses the phenomenon of increased professional maturity with wage increases. The former is happening. The latter is not.