2016 Postmortem
In reply to the discussion: Many people in this economy are fucked, and they just want the fucking to stop. [View all]My Good Babushka
(2,710 posts)And that people are finite, with moving parts that give out? People deteriorate, they can't work as many hours, their benefits packages are expensive or non-existant, or they are not offered as many hours. They are not keeping up. The standards of living are not the same. But you seem determined to be obtuse on these points.
You keep saying the wage increase is commensurate to the cost of living, and neither I or anyone else knows where you are getting this graph. "Compiling data from the U.S. Department of Housing and Urban Development, the Federal Highway Administration, the Bureau of Labor Statistics and several other sources, the nonpartisan think tank found that the average cost of living in the U.S., excluding discretionary spending, is more than $65,000 a year for a family with two adults and two children. That's roughly $50,000 more than what a minimum-wage worker earns. The EPI also looked at the cost of living for single adults and found similar disparities."
http://www.cnbc.com/2015/08/31/cost-of-living-is-increasingly-out-of-reach-for-low-wage-workers.html