Adjunct Professor Salaries in San Antonio, TX Salary estimated from 101 employees, users, and past and present job advertisements on Indeed in the past 24 months. Last updated: December 22, 2017
Causes of Wage Stagnation. Over the last 35 years (with the exception of the late 1990s), hourly wages of the vast majority have lagged far behind economy-wide productivity. This failure of wages to grow and rising wage inequality is the primary explanation for the rise of family income stagnation and income inequality over the past generation.
If the minimum wage is below that wage level, it is non-binding because it doesn't matter that there is a minimum wage. Firms want to pay people more than the minimum wage because if they lower the wage they pay, not enough people would want to work. If the minimum wage is above that wage level, it is binding.