Earlier quoted context omitted.
> that is a breathtaking amount of inflation in just 35 years. That's under 3% inflation which is a not breathtaking. The Fed targets 2%, which helps avoid deflationary spirals and helps both stability and lowers unemployment, two of their mandates. >Even if wages kept up with inflation, Wages have surpassed inflation in just about every income bracket for the past 100 years. And when you factor in total remuneration…
> Wages have surpassed inflation in just about every income bracket for the past 100 years. And when you factor in total remuneration, returns to workers are even higher. Here's 50+ years of data [1] > [1] https://fas.org/sgp/crs/misc/R44705.pdf This document is 47 pages long. Can you cite the page or section you're referring to?
There's plenty of such studies from the Fed and from CBO, among others.