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.
