It would be interesting to see the average wage normalized for labor participation rate included for the private sector (no govt sector jobs)and excluding welfare payments. That would give a truer median wage paid to working age Americans in the wealth-generating part of our economy. If this was done, I believe the result would be frightening.
...average wage normalized for labor participation rate included...Please tell me how that would work
...for the private sector (no govt sector jobs)...
Very important point, controversial too. Wages for top rung positions are much lower w/ the feds than in the private sector, it's like how Rush says he'd never run for president because he doesn't want the pay cut. Lower level employees get more w/ the gov't tho (from here):
