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.
That's stagflation. Stagflation in the United States only occurred during the 1970s. The federal government manipulated its currency to spur economic growth. At the same time, it restricted supply with wage-price controls. In 2004, Zimbabwe's policies caused stagflation. The government printed so much money it went beyond stagflation and turned into hyperinflation. Stagflation in the 1970s. Stagflation got its name during the 1973 - 1975 recession.