Your Income is Related to What YOU Do. Not White Privilege.

Mark Perry posted these two charts. It's almost as if your income level is more related to things that YOU do (or don't do) than racial issues. Or maybe Asians have some sort of Super White Privilege that they exert over ordinary Whites?

Minimum Wage Recession in Restaurant Employment

Mark Perry posted this chart showing that the effect of the increase in the minimum wage on labor demand is similar to what happens during full-blown recessions.  Too bad there isn't some sort of theory that would have predicted this -- that when you raise the price of something there will be less of it demanded.

Lower taxes and regulation=Rising wages.

To get growth in hourly earnings you need two things:

1. A tight labor (i.e. fewer people not working)
2. Employer optimism about demand

It's pretty clear that around 2017 something changed from the previous 8 years. My strong guess is that it was the election of a government that promised to lower corporate taxes and reduce regulatory burden. Any other guesses?