Real wages

[jon-nyc]

Interesting. The stuff we often blame. - NAFTA, China MFN status, etc, all happened after the stagnation.

[Jolly]

How does that track with something like the S&P 500?

[Mik]

I think you'd need to look at the boom in higher paying tech jobs during that time. If you'll recall, the mantra at the time was yes, we will lose manufacturing jobs, but better jobs (i.e. tech) will be created. I'm sure there are other types of employment to consider as well.