Well looking at the chart one can see the 08 crash. Were as layoffs occurred and the majority was the lower level worker. CEO's remand to still run the business.
Around 09 even those CEO's were losing their jobs do to failed businesses. As stimulus and bailouts happend companies were trying to hire the best CEO's they could find. High demand and low supply of CEO's gave the bargaining power to them. All the while there was still more workers to jobs ratio which keeps the lower level workers salaries down. This is seen at the end of the chart, today.
Are they worth it, thats the businesses decision.
What is more telling of the chart is the fast and high escalation of salaries in USD. This in fact shows the devaluation of the USD compared to labor and cost of living. It shows true inflation from 94 and up.
Looking at a metals chart or any other commodity we can see the same effect. The commodities did not change their value or volume. But when weighed against the USD or any other currency it appeared there value increased. The commodities value did not increase but the currency lost value.
Here is a silver chart and shows the same direction as the salaries chart.
One has to ask when seeing these. Are we to believe we live in a 2% per year inflation? And our wages are based on it?
Well it must be true because the Federal Reserve say it is....
Looking at the silver chart know this, our banking system is severely battling to keep the silver price suppres. Otherwise it will show the true devaluation of the dollar. As it stands now 4 pre 1964 quarter a dollars face value is worth about $20.00 in melt value under there suppression.