Stagnant Wages


The observation that wages have stagnated since the 1970s--when, coincidentally enough, large numbers of women began to enter the workforce, thus affecting the supply of labor--tells us something about the cash flow of workers but nothing about their quality of life.

For example, I'm a college professor--not exactly a blue collar laborer but a worker nevertheless. Right now, I’ve got a mobile phone in my pocket. The phone cost me roughly half of what I earn in a single day. It’s a phone, so I can make calls on the go, but it’s also a Rolodex, a daily calendar and reminder, a voice- and text-messaging service, a memo pad, a voice memo recorder. As long as it’s in my pocket, I’m carrying around half the books in my library and all the songs I like; I can use it to program my video recorder and to surf the web, and it contains a web browser, so I’ve also got an encyclopedia in my pocket. I can read and write documents on it, locate myself anywhere in the world, get driving directions as I’m en route. Oh, and it’s also a flashlight. I’ve got that in my pocket, for half my daily salary. What comparable device could a college professor, or anyone else, have acquired for half his yearly salary in 1970?

The fact that I can now afford to carry this thing in my pocket affects any judgment about my quality of life in comparison with the quality of life of an average college professor in 1970 . . . even if our inflation-adjusted salaries are the same.

16 comments:

  1. While fascinating, you appear to ignore that back in 1964 most(?) women weren't within the labor pool in order that whereas individual salaries and wages have remained static, on a house level they're going to have up as a lot of and a lot of women entered the workforce.
    pay someone to do your assignment

    ReplyDelete
  2. Alkhadim LLC - Business Accounting Services complemented by the quality oriented attitude and customer centric approach together equates the firm.

    ReplyDelete
  3. SEO agency in Noida believe in offering great results which are highly beneficial for our clients.

    ReplyDelete


  4. Call girls in Dwarka can be hired easily and at a very reasonable rate. Call girls in Dwarka

    ReplyDelete
  5. I Saw Your Website Carefully. Thanks For Create Such Kind of Informative Website. Your All Content Is Relevant To Your Subject. I Say Keep It Continue, Because Your Website And Subject Is Meaningful For The Users. I Have Recommended Your Website With My Friends Also.
    I Am Ritu Sharma. I Deal In Private Escorts In Mumbai. I Am Very Hot And Sexy. I Have Five Years’ Experience In My Profession. That’s why I Understand the Each Personal Needs of My Every Client. My Service Charge Is Low And Service Is Super. You Can Avail My Private VIP Service At Your Home Or In Hotel. I Am Comfortable To Provide Service In Local And Outside Also. To Book My Service Call +91- 9OO4OO9481
    Visit http://www.escortservicemumbai.net/private-escorts-in-mumbai/

    Visit The Links Below And Have A Look At My Various Mumbai Escort Services-
    Mumbai Escorts
    Mumbai Call Girls
    Juhu Escorts
    Andheri Escorts
    Bandra Escorts
    Private Escorts In Mumbai
    Mumbai Prostitutes






    ReplyDelete
  6. I Am Thankful To You For Create Such Kind Of Informative Website. Really It Is Useful According Your Current Topic. I Suggest To Keep This Continue For Those People, Who Are Looking For Such Kind Of Niche. After See Your Niche I Have Recommended Your Website With My Friends Also.
    My name is Arpita Jain. I run my independent Mumbai Escorts Service. I am an independent Mumbai escort girl. My service charge is low according the current market price. My service is super, because I know very well the personal requirement of my each customer. I am comfortable to provide my Mumbai Escorts Service at your home or in Hotel. Visit- http://www.arpitajain.org/ Call- +91 9OO4458359
    Visit The Links Below And Have A Look At My Various Mumbai Escort Services-


    Mumbai Escorts Service

    Juhu Escorts
    Mumbai Call Girls
    Escort Service In Mumbai
    Andheri Escorts
    Bandra Escorts





    ReplyDelete
  7. I Saw Your Website Carefully. Thanks For Create Such Kind of Informative Website. Your All Content Is Relevant To Your Subject. I Say Keep It Continue, Because Your Website And Subject Is Meaningful For The Users. I Have Recommended Your Website With My Friends Also.
    I Am Ritu Sharma. I Deal In Mumbai Escorts Service . I Am Very Hot And Sexy. I Have Five Years’ Experience. That’s why I Understand the Each Personal Needs of My Every Client. My Service Charge Is Low And Service Is Super. You Can Avail My VIP Escorts Service At Your Home Or In Hotel. I Am Comfortable To Provide Escorts Service In Local And Outside Also.
    Visit http://www.escortservicemumbai.net/ Call +91- 9OO4OO9481
    Visit The Links Below And Have A Look At My Various Mumbai Escort Services-
    Mumbai Escorts
    Mumbai Call Girls
    Juhu Escorts
    Andheri Escorts
    Bandra Escorts
    Mumbai Escorts In Vile Parle
    Mumbai Escorts In Colaba

    ReplyDelete
  8. I Am Thankful To You For Create Such Kind Of Informative Website. Really It Is Useful According Your Current Topic. I Suggest To Keep This Continue For Those People, Who Are Looking For Such Kind Of Niche. After See Your Niche I Have Recommended Your Website With My Friends Also.
    I Am Arpita Jain. I Am An Independent Mumbai Model. I Run My Own Mumbai Escorts In Bandra. I am Hot And Sexy Girl. My Price Is Low And Service Is Super. You Can Taste Me If You Are Curious To Touch My Soft Parts. I Have Seven Years’ Experience Of Mumbai Escorts Service. I Understand Very Well The Personal Requirement Of My Each Customer. I Am Comfortable To Provide My VIP Service At Your Home Or In Star Hotel Also. To Book My Service Please-

    Visit- http://www.arpitajain.org/mumbai-escorts-in-bandra/ Call- +91 9OO4458359

    Visit The Links Below And Have A Look At My Various Escort Services-
    Andheri Escorts
    Mumbai Call Girls
    Escort Service In Mumbai
    Escort Agency
    Juhu Escorts Service
    Call Girls In Mumbai
    Mumbai Escorts In Bandra












    ReplyDelete
  9. I Saw Your Website Carefully. Thanks For Create Such Kind of Informative Website. Your All Content Is Relevant To Your Subject. I Say Keep It Continue, Because Your Website And Subject Is Meaningful For The Users. I Have Recommended Your Website With My Friends Also.
    I Am Ritu Sharma. I Deal In Mumbai Escorts Service . I Am Very Hot And Sexy. I Have Five Years’ Experience. That’s why I Understand the Each Personal Needs of My Every Client. My Service Charge Is Low And Service Is Super. You Can Avail My VIP Escorts Service At Your Home Or In Hotel. I Am Comfortable To Provide Escorts Service In Local And Outside Also.
    Visit http://www.escortservicemumbai.net/ Call +91- 9OO4OO9481
    Visit The Links Below And Have A Look At My Various Mumbai Escort Services-
    Mumbai Escorts
    Mumbai Call Girls
    Juhu Escorts
    Andheri Escorts
    Bandra Escorts
    Mumbai Escorts In Vile Parle
    Mumbai Escorts In Colaba

    ReplyDelete
  10. I Am Thankful To You For Create Such Kind Of Informative Website. Really It Is Useful According Your Current Topic. I Suggest To Keep This Continue For Those People, Who Are Looking For Such Kind Of Niche. After See Your Niche I Have Recommended Your Website With My Friends Also.
    My name is Arpita Jain. I run my independent Mumbai Escorts Service. I am an independent Mumbai escort girl. My service charge is low according the current market price. My service is super, because I know very well the personal requirement of my each customer. I am comfortable to provide my Mumbai Escorts Service at your home or in Hotel. Visit- http://www.arpitajain.org/ Call- +91 9OO4458359
    Visit The Links Below And Have A Look At My Various Mumbai Escort Services-
    Mumbai Escorts Service

    Juhu Escorts
    Mumbai Call Girls
    Escort Service In Mumbai
    Andheri Escorts
    Bandra Escorts

    ReplyDelete
  11. My Name Is Priya Singh. I Am An Independent Mumbai Escort Girl. I Run My Own Mumbai Escorts In Andheri West. You Can Enjoy To My Private Parts At Your Own Place. Being a Professional Escort Girl I Have Seven Years’ Experience Of Mumbai Escorts. Hence I Understand and Feel the Real Needs and Requirement of My Each Client. According The Convenience You Can Avail My VIP Escort Service At Your Home Or In Hotel Also. To Book My VIP Mumbai Escort Service Call +91 9987215552.
    Visit -http://www.escortagencyinmumbai.com/.
    Visit the Links Below and Have a Look at My Various Mumbai Escort Services-
    Mumbai Escorts
    Escort Service in Mumbai
    Mumbai Escorts

    ReplyDelete
  12. Thanks For Create Such Kind Of Informative Website. All Content Is Relevant To Your Subject. Keep It Continue, Because Your Website And Subject Is Meaningful For The Users. After See Your Niche I Have Recommended Your Website With My Friends Also.
    My Name Is Priya Singh. I Am An Independent Mumbai Escort Girl. I Run My Own Mumbai Escorts In Andheri West. You Can Enjoy To My Private Parts At Your Own Place. Being A Professional Escort Girl I Have Seven Years’ Experience Of Mumbai Escorts. Hence I Understand And Feel The Real Needs And Requirement Of My Each Client. According The Convenience You Can Avail My VIP Escort Service At Your Home Or In Hotel Also.
    To Book My VIP Mumbai Escort Service Call +91 9987215552. Visit http://www.escortagencyinmumbai.com/

    Visit The Links Below And Have A Look At My Various Mumbai Escort Services-

    Mumbai Escorts
    Escort Service In Mumbai
    Mumbai Escorts

    ReplyDelete
  13. My Name Is Arpita Jain. I Run My Own Independent Mumbai Escorts. I Am Professional Mumbai Model. I Provide VIP Services At Your Home Or In Hotel. My VIP Service Charge Is Low And Service Is Super. Contact Me Avail 20% Off At Your First Deal. I Have Four Year Experience To Run My Mumbai Escorts. Hence I Understand The Personal Feeling And Requirement Of My Each Customer. I Am Very Comfortable To Provide My VIP Escort Service In Local Mumbai Or Out Of Station Also. You Can Book My Escort Service For Tonight. Visit- Http://www.arpitajain.Org/ Call- +91 9OO4458359

    Visit The Links Below And Have A Look At My Various Mumbai Escort Services-
    Mumbai Escorts
    Escort Service In Mumbai
    Mumbai Escorts

    ReplyDelete
  14. I Saw Your Website Carefully. Thanks For Create Such Kind of Informative Website. Your All Content Is Relevant To Your Subject. I Say Keep It Continue, Because Your Website And Subject Is Meaningful For The Users. I Have Recommended Your Website With My Friends Also.
    I Am Ritu Sharma. I Am An Independent Mumbai Model. I Deal In Mumbai Escorts In Vileparle. I Have Five Years’ Precious Experience Of My Profession. That’s why I Understand The Each Personal Feeling And Requirement of My Every Client. My Mumbai Escorts Service Charge Is Low And Service Is Super. You Can Avail My VIP Service At Your Home Or In Hotel. By Look I Am Very Fair And Hot. I Am Very Comfortable To Provide VIP Escort Service In Local And Outside Also. You Can Taste Me At Your Decided Date And Time.

    Visit http://www.escortservicemumbai.net/ Call +91- 9OO4OO9481

    Visit The Links Below And Have A Look At My Various Escort Services-
    Mumbai Escorts
    Escort Service In Mumbai
    Mumbai Escorts

    ReplyDelete
  15. Thanks For Create Such Kind Of Informative Website. All Content Is Relevant To Your Subject. Keep It Continue, Because Your Website And Subject Is Meaningful For The Users. After See Your Niche I Have Recommended Your Website With My Friends Also.
    My Name Is Priya Singh. I Am An Independent Mumbai Escort Girl. I Run My Own Mumbai Escorts In Andheri West. You Can Enjoy To My Private Parts At Your Own Place. Being A Professional Escort Girl I Have Seven Years’ Experience Of Mumbai Escorts. Hence I Understand And Feel The Real Needs And Requirement Of My Each Client. According The Convenience You Can Avail My VIP Escort Service At Your Home Or In Hotel Also.
    To Book My VIP Mumbai Escort Service Call +91 9987215552. Visit http://www.escortagencyinmumbai.com/

    Visit The Links Below And Have A Look At My Various Mumbai Escort Services-

    Mumbai Escorts
    Escort Service In Mumbai
    Mumbai Escorts

    ReplyDelete
  16. Welcome to Mumbaihotcollection.com, home of the finest Mumbai escorts in Mumbai area. Our Mumbai escorts are the finest Mumbai has to offer and will provide an unforgettable Mumbai Escort experience!
    Escorts in Mumbai
    Escort Service in Mumbai
    Mumbai Escorts
    Mumbai Call Girls
    blogs
    Escorts Mumbai
    Mumbai Escorts Blogs

    ReplyDelete