I'm unable to read the rest of it, because of paywall.
But, I can tell you why - and it should be obvious, the things that got cheaper are things that we used to make here and now do not.
So either expected standard of living rose - so we moved that manufacturing overseas, or we moved the manufacturing overseas, but people still need to make enough wages to live on, so the amount wages for service labor rises every higher (which used to be paid less than a factory worker).
It could also be a combination of those factors. Service labor in a generation or more ago, (generally, but not exclusively) was not expected to be a primary income for a wage earner supporting a family, and now it is.
It'd be interesting to overlay landline telecom services over on that cost growth.
I would honestly expect that if we had more protectionist policies in re imports, I would expect you'd see all of the curves moving upwards slowly, but the wage growth for service jobs might look somewhat flatter. College textbooks and tuition are going up because there is little in the way of cost constraints applied to colleges and the cost of an education (being that its financed by unlimited debt).
But, I can tell you why - and it should be obvious, the things that got cheaper are things that we used to make here and now do not.
So either expected standard of living rose - so we moved that manufacturing overseas, or we moved the manufacturing overseas, but people still need to make enough wages to live on, so the amount wages for service labor rises every higher (which used to be paid less than a factory worker).
It could also be a combination of those factors. Service labor in a generation or more ago, (generally, but not exclusively) was not expected to be a primary income for a wage earner supporting a family, and now it is.
It'd be interesting to overlay landline telecom services over on that cost growth.
I would honestly expect that if we had more protectionist policies in re imports, I would expect you'd see all of the curves moving upwards slowly, but the wage growth for service jobs might look somewhat flatter. College textbooks and tuition are going up because there is little in the way of cost constraints applied to colleges and the cost of an education (being that its financed by unlimited debt).