Worker wages have been stagnant for a decade plus. Even the recent increases have been vastly outpaced by increases in prices AS EVIDENCED BY INCREASING PROFIT at companies that are increasing wages.
The problem is there is no price competition because most sectors of the economy are oligopolistic and have no interest in competing with each other one price at the moment.
Worker wages have been stagnant for a decade plus. Even the recent increases have been vastly outpaced by increases in prices AS EVIDENCED BY INCREASING PROFIT at companies that are increasing wages.
The problem is there is no price competition because most sectors of the economy are oligopolistic and have no interest in competing with each other one price at the moment.