I don't mean to be sexist, but I've wondered purely out of curiosity if the decline in wages is related at all to the entry of women into the work force. You've nearly doubled the number of wage seekers without necessarily increasing the supply of jobs.
I also wonder if two income earners are likely to earn more money than a single income earner for a given labor demand, considering overhead of employment, which I think has also increased over time (e.g. benefits). That couple explain some of wage stagnation, I'd bet.
I also wonder if two income earners are likely to earn more money than a single income earner for a given labor demand, considering overhead of employment, which I think has also increased over time (e.g. benefits). That couple explain some of wage stagnation, I'd bet.