A Bird’s-Eye View Of How The US Economy Is Falling Apart (In 4 Simple Charts)

Wages are shrinking

I suspect the root of the issue is wages… or lack thereof. The reality is that inflation-adjusted wages—despite the recent minimum wage increase in several states—have been shrinking.

A recent report concluded, “In real terms, the average wage peaked more than 40 years ago.”

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Higher wages means discretionary spending which gives a measure of freedom to people. Whether that is a valid measure of freedom is debatable. However, higher taxes and living in debt definitely is a measure of slavery.

David DeGerolamo