I believe the 1.03x wages multiplier is the only number that matters, the ones you reference are a shiny object. Particularly, since the article isn’t really about that but about tFED policy funding no risk speculation.
Back to your numbers, if you can just concentrate a second on the productivity gains since 1987 and imagine there’s a .03x in renumeration increase for the constant 40 hour labor input - it’s a crime against humanity. Against CPI it’s .8x. I am a firm believer there’s no excuse not to get ahead in the USA but these numbers show workers never seem to. There is movement amongst strati, we all know that, but there’s no rising tide that lifts all boats according to Stockman. The sheeple are probably not smart enough to undesrtand it but this is why they are revolting. Our oligarchy must be brought to heel.
You are correct - massive Fed money-printing and debt simply allow government (and its cronies) to steal very large productivity gains from wage-earners, consumers and the economy as a whole.