My brother has been delivering for Grubhub for extra money and to keep busy. As we‘re on the phone he’s picking up a $3.60 cookie order from a place called Crumbl and a drink order from Mango Mango. I just want to know who these people are that have money to waste on paying Grubhub to bring them $3.60 worth of cookies? Millennials complaining that they can’t afford to buy a house? Spoiled Gen Zers? People staying home at taxpayers expense because they’re getting an extra $300 a week?
let me help explain some of it:
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Slow wage growth persists: Consistent positive wage growth has occurred in only 10 of the last 40 years.
Rising wage inequality and slow and uneven hourly wage growth for the vast majority of workers have been defining features of the U.S. labor market for the last four decades, despite steady (if too slow) productivity growth. In only 10 of the last 40 years did most workers see any consistent...
www.epi.org
Without the wage growth spurred by exceptionally low unemployment in the late 1990s and the last five years, wages for most workers would be lower today (in real terms) than they were 40 years ago.
1979–2019: Slow wage growth and rising inequality has been the norm over the last 40 years
Wages for the vast majority have grown slower than their potential and much slower than for those at the top.
Since 1979, “real” (inflation-adjusted) hourly pay for the vast majority of American workers has diverged from economywide productivity, and this divergence is at the root of numerous American economic challenges.
Figure A displays productivity and hourly compensation from 1947 to 2018. After tracking rather closely in the three decades following World War II, growing productivity and typical worker compensation diverged. From 1979 to 2018, productivity grew 69.6%, while hourly compensation of production and nonsupervisory workers grew just 11.6%. Productivity thus grew six times as fast as typical worker compensation."
i arrest your face