> Adjust that medium household income statistics for purchasing power in usa across last 40 yrs, you’ll realise wages are same or have declined in real value term’s when the total wealth in country has skyrocketed.
I wholeheartedly agree on the housing issue though. The cause there isn't with top politicians or some evil cabal limiting housing but it's a local problem caused by elections of NIMBY candidates and local community having too much input on permitting while only a small group of mostly of older and wealthier NIMBYs show up to those meetings.
That's why I said "real median household income". Real income in economics means PPP corrected and is up a lot. See: https://fred.stlouisfed.org/series/MEHOINUSA672N
I wholeheartedly agree on the housing issue though. The cause there isn't with top politicians or some evil cabal limiting housing but it's a local problem caused by elections of NIMBY candidates and local community having too much input on permitting while only a small group of mostly of older and wealthier NIMBYs show up to those meetings.