You’re not wrong…people look at stagnant wages since the 1970s and it’s pretty clear the labor pool grew wildly during that time. At the same time, low/no-skill jobs got largely shipped overseas, and skilled/specialized careers got major efficiency gains from computers. It’s a simple matter of supply and demand.
Let’s just say there were uh… different criteria for who was and was not allowed to work before the 50s and 60s. Less competition for some.
Took a while to sort all that out.
You’re not wrong…people look at stagnant wages since the 1970s and it’s pretty clear the labor pool grew wildly during that time. At the same time, low/no-skill jobs got largely shipped overseas, and skilled/specialized careers got major efficiency gains from computers. It’s a simple matter of supply and demand.
It sucks. But that’s the world we’ve been handed.