US income inequality continues to grow

[Benton]

(07-24-2018, 01:11 PM)Nately120 Wrote: True enough.  Eventually that market will be flooded and wages will go down and there will be more demand for something else. 

I know when I was in college people were dropping out to get into the housing market, and when my ol man got back from Nam you could waste time and money in college or cash in working at a steel plant.  Times change. 

Eventually. The market is a big part of that. If people are purchasing and the economy is growing, we're (usually) producing more and those trades are in a bigger demand to make stuff. If the economy is shrinking (or sometimes just flat) the demand drops and those pay scales drop. 

We have a big riverboat industry here. When the economy is good, they can't hire enough welders and metal workers to build barges or repair them. But that's pretty inconsistent. And the established companies know that, so they don't bump the wages a ton since they know in a few years they'll probably be laying those guys off.