Earlier quoted context omitted.
>Even prior to the pandemic, real wages were stagnant for decades. This is not true from a global perspective. In addition, there has been significant immigration, where people are are entering the economy at the bottom (increasing inequality in a country, while they are making more than they would where they came from). This is not to say things couldn't be better, but the economy is global, and nationalistic perspe…
Any data on this? It’s true for many individual countries, but global population growth has been dominated by poor countries for a while which should dramatically drag down wage percentiles. In the last 30 years UK’s population for example is up 19% where India’s is up 58%.
https://en.m.wikipedia.org/wiki/Factfulness:_Ten_Reasons_We'...