Even wages of the most highly educated are stagnating.

In the real world, even wages of the most highly educated are stagnating.

The structural changes in the world of work are visible in these charts:

The civilian participation rate is plummeting, despite the "recovery:"

The civilian participation rate for men is in a multi-decade decline:

As a percentage of GDP, wages have been declining for decades.

Self-employment is the wellspring of entrepreneurs and small business. As you can see, it has also been declining for decades.

It's time to get real. Wishful thinking is not a solution.