By way of Mark Thoma, we come across these two figures about wages. First, with the exception of workers near the top of the wage scale, things have pretty much flat-lined for three decades:
Women at the 50th percentile have seen an improvement, but keep in mind that they still lag considerably behind men in absolute terms. But the relationship between educational attainment and wage increases is stunning:
According to the Bureau of Labor Statistics, only 35% of workers has a college degree or higher. Basically, two-thirds of U.S. workers haven’t seen any economic gains in thirty years. Some are worse off.
Clearly, busting teachers unions will help fix this.