Wage Inflation Is a Thing Now, Part 1

Pilots get double-digit multi-year raises

Back when the US was a functional country, wages and corporate profits rose more or less in tandem. That is, tried to steal all the money but in the end had to compromise and settle for only half. It was contentious but manageable, and it allowed a broad, stable middle class to emerge, possibly for the first time in human history.

Then in the 1980s, som…