That’s a stunning reversal for millions of households during a 12-year period that included economic growth and huge stock gains following the end of the Great Recession.
Wow, it’s almost as if most people don’t get any gains from the stock market booming… /s
For most people a strong stock market only mean, in best case, that they don’t lose their jobs. It doesn’t have any real positive effect on their wages. When it goes well for companies we’re told to not ask for too high salary due to inflation. In hard times were told not to ask for too much to save our jobs.
The only time we get an increase in salaries is when there’s either a lack of skilled workers or when we create an artificial lack of skilled workers through unions and strikes.