Americans are Terribly Underpaid

A few years ago, my Mom got really bored and decided to see how inflation was affecting her household budget (we are an odd people) and she calculated that even with regular raises, inflation had outpaced my Dad’s wage growth which means they actually had less money today than they did when I was a kid. Her baseline was the year 2000. Over the 21st century, their money just didn’t go as far as it did in the 1990s. When we pull out from this situation and look at the broader picture, Americans have been underpaid since 1977. Productivity has steadily grown (until the pandemic) but America’s wages have been stagnant for nearly 5 decades. This is not only a loss of wealth but a significant loss of growth. In this video, we learn more about this problem and why Americans are so underpaid and what we can do about it. Rather than letting wealth pile up at the top, it should go into the pockets of working people where it can do the most good and cause economic growth.