I think people forget until Reagan came into power, living in poverty was normal for many people. I think people don’t realize the difference between growing up in the 70’s and current times. In the 70’s we wore hand me downs, had old cars, didn’t eat out, rarely went to movies and my father was a union auto worker who made more than most. Poverty was just a way of life.
Now everyone expects a huge home, new cars, new cell phone, new iPhone, etc
It isn’t that wages are not adequate, the expectations have changed.