- by New Deal democrat
Writing in the Washington Post's 'Upshot' blog, Matt O'Brien claims "Why rising wages might be bad news:"
The economy's biggest problem is that workers' wages have fallen, in inflation-adjusted terms, for 15 years now, but we kind of don't want that to change right now. If it did, that would mean the Great Recession had pushed millions of people into early retirement. It'd be better if more of those people came back, and then wages started rising again.
The above phrase "for 15 years now" links to this article by Ben Casselman, which discusses median income:
In 1988, the typical American adult was 40 years old . . . .
Twenty-five years later, . . . [o]ne thing that hasn’t changed? The income of the median U.S. household is still just under $52,000.