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Economists say policy is suppressing Middle-Class pay growth
Between 1979 and 2024, productivity in the U.S. increased by 80.9%, while hourly wages only grew by 29.4%. This gap has contributed to a significant disparity between worker output and compensation, often referred to as wage stagnation.
A key factor behind this wage stagnation has been the consistently high unemployment rates, which limit workers' ability to demand higher pay. When unemployment is high, workers have less bargaining power, making it harder to negotiate wage increases. This has had real-world consequences for the American middle class, with wage growth failing to keep pace with rising costs of living.
In such an environment, where wage growth remains slow and uncertain, it becomes essential to consider alternative strategies for preserving and growing wealth. One effective option is diversifying investments into precious metals like gold and silver. These assets can act as a hedge during economic uncertainty and periods of inflation, offering stability and protection against the risks associated with stagnant wages and rising living expenses. Investing in gold and silver can provide long-term security and help balance a portfolio in times of economic volatility.
To Read More: https://www.cnbc.com/2024/10/04/middle-class-wages-policy-suppressing-growth.htm
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