CalebThis graph and research highlights the effects of stagnate earning on the working classes.
TL;DR — Since 1979 there is no significant increase in hourly earnings while productivity (and profits) have increased noticeably.
But it’s all that frivolous experiential spending and avocado toast that’s sinking the next generations,
Source: https://www.epi.org/productivity-pay-gap/
While the EPI has a (left leaning) bias, their facts aren’t false.
The Productivity–Pay Gap
The huge gap between rising incomes at the top and stagnating pay for the rest of us shows that workers are no longer benefiting from their rising productivity. Before 1979, worker pay and productivity grew in tandem. But since 1979, productivity has grown eight times faster than typical worker pay (hourly compensation of production/nonsupervisory workers).