Despite a generation of no real wage growth, how could wages increase?
Trishul examines why wages have stayed flat on a REAL inflation-adjusted basis over the last couple of generations. Globalization, tax law, and legislation favoring corporations have combined to increase wealth inequality and suppress wage growth. And Trishul sees no reason for it to change moving forward. Aaron argues that rewarding productivity and stability will be mutually beneficial to both employers and employees, rather than trying to extract all excess value. We'll see who's right in 40 years.
Episode References
MMS #141. The Unrealized Gains Loophole
MMS #132. Why would you ever want to be a W-2 employee anymore?
MMS #98. Why do the rich keep getting richer? The shocking truth behind the Pandora Papers.
MMS #86. How does your True Tax Rate compare with the wealthiest Americans?
MMS #37. How to get rich and never pay a dollar in taxes.
Federal Reserve Board: Survey of Consumer Finances
Distribution of Wealth in the US
EPI: Retirement in America
Household Wealth Trends
Government Revenue
Census
S&P 500 vs CPI
Aaron Agte and Trishul Patel go beyond traditional finance questions to help you explore how to use your money to achieve the freedom you want in life. Aaron is a Bay Area Financial Planner with GraystoneAdvisor.com, and Trishul is an East Coast Wealth Manager (InvestingForever.com). MindMoneySpectrum.com and YouTube.
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