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There has been a dislocation between the growth in productivity and the growth in wages. Hedrick Smith points this out in his excellent and detailed book, “The American Dream and Who Stole It.”
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The years of great national prosperity lasted from the end of World War II until it began to erode savagely toward the end of the last century. Smith dates the rot all the way back to the Carter administration, but most of us were not aware of it until much later.
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If the workers are not sharing in the growth in productivity, we have severely reversed upward social mobility and the enduring belief of an immigrant people that their children would have a better life.