Once upon a time, American men used to get something called a “raise.”
That is when your employer would actually pay you more money. Now, it is true that some people still have experience with this all-but-forgotten practice, but even the ones who do tend not to get pay increases that keep up with price increases. That is why, as David Wessel of the Brookings Institution points out, the typical male worker actually saw his after-inflation pay fall between 1973 and 2014.
What is four lost decades between friends?
So why, as you can see below, have median male earnings flatlined over a time when the economy has doubled?
– The Washington Post