“Salaries for college graduate Americans are growing much slower than for Americans who are working in transportation, restaurants, services, construction, and sales, according to federal data”.
Of course they are – most of the good white collar jobs have been invaded and looted by H-1B and invaders from the criminal thief nations of India and China.
Without the flood of cheap labor from Asia, white collar wages would skyrocket, but then again central bankers such as Commrade Greenie don’t want that because too much prosperity is bad for the loan business.
H-1B and student guest worker visas flooding the labor market are the prime cause of wage stagnation. And wage stagnation is what prevents people from buying things – which prevents higher profits, new job formation, and new company formation. Cheap labor is bad for the economy any way you look at it.
“I have to pay my people enough to enable them to buy my product” – Henry Ford