Why does wage compression underwhelm?

drafts @ interfluidity

@interfluidity I think a lot of growth in the lower wage cohort is from those with higher job mobility. For example, those with lower wages who are older or in a small city or rural area won't change employers or industries. Their employers know it, so their raises are small.
@kentwillard @interfluidity That's every wage increase, though. Growth doesn't mean everyone gets the same 2% real wage increase; it means more productive workers get more. The problem is when populists have latched onto the least productive workers (e.g. ones who won't move to opportunity) as the representatives of the real working class.
@Alon @kentwillard If we are concerned abt welfare, we are concerned abt the welfare of all the humans, not just those willing or able to move to opportunity under current circumstance, even if that wld increase their productivity. If we are concerned abt democratic politics, we are concerned about the humans in proportion to their numbers, and if the fraction willing or able to move to opportunity is modest, don't blame "populism" for the bankruptcy of a politics that slights the place-bound.
@Alon @kentwillard None of this prejudices the solution space. One way to address the disconnect is to make it easier for people to live the dynamism imagined of homo economicus. Another way is to reshape productivity, so that, for example, geographical dynamism is less necessary because remote work. Lots of possibilities!
@Alon @kentwillard But if most of the working class still live within 15 miles of their parents, any "populism" — any functional democracy — will put a great deal of weight on those people as "representatives of the real working class".
@Alon @kentwillard (note: i edited "profitability" to "productivity" in one of the above posts; that's the word i'd intended to write.)