how is wage growth? take the wage growth figures - remove the people at the top who have seen a concentration of higher wages, and government employment where workers get contractual automatic wage increases - ask the BLS to publish that statistic and we'll talk.
construction jobs pay well - for unionized positions or licensed trades like plumbing and electrical. want to be a roofer, or a framer, or a bricklayer - competing for wages with a bunch of central americans standing at dunkin donuts every morning?
time frame you ask? let's hope the baby boomers leave nice inheritances for their kids and grand kids, because this is a generation pheonomena. older americans, who worked in the era of strong wages, who secured pensions and other retirement benefits, who are receiving a high multiple social security check compared to their contributions - are going to alot better off then their kids and grandkids (many of whom are living in their basements) are going to be when they reach that age.
let's hope the old folks don't blow it all at the casinos and the nursing homes.
That's right, if you subtract people who got raises, you'll make the average raise look smaller. That's funny.
Or don't you know that EVERYONE who was 65, got SS checks, when that pyramid scheme went into effect?