This is true, but I’d argue it’s simply a decade-long correction to the 1990’s, when wage increases in the middle and upper classes were vastly out-pacing inflation, compounded by a few years of instability created in the wake of 911. The beauty of capitalism, as sportsbikerider is trying to explain, is its self-correcting nature. Yes, some folks door a poor job of positioning themselves within the system, but that is due entirely to personal ambition, we can’t fault the system.
As to folks being able to make a living wage, no matter what they do... no. There is no sense in paying fo an undesirable service. The shoe industry example given several pages above is perfect, the consumer never benefits from protecting an industry operating at miserable efficiency.
There are socialist countries, with politics that are the antithesis of my own, but I don’t see folks climbing boarder fences to get into them. It’s interesting that there are always folks suggesting we should move in that direction, having already seen it fail (or failing) under every possible set of circumstances.