5min chapter

The "What is Money?" Show cover image

The Ultimate Macro Framework with Raoul Pal (WiM078)

The "What is Money?" Show

CHAPTER

The Biggest Problem Is That Wages Don't Go Up Again

Since 19 75, wages haven't gone up. They've gone up point three % a yearthe median american. And this is the infamous de coupling from productivity growth. Because g d p grew e because of financialization. So you're already seeing that bifacation in people. If your assets rise and your wages don't, your future self is poorer. But within this is an uglier picture as well - if you split the population down beten with kind of percentiles, the lower percentiles saw zero increase in wages,. The medium worker saw about a 33 % increase in real wages in 50 years. This is incredible compared to what happened to gd p

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