I graduated college in 1992, we've had essentially wage stagnation most of my working adult life.  I worked for the University from 1989-1992 as an hourly student worker and left making $15 an hour.  Started at $10 an hour.  That's still where college jobs are.  Factory jobs "here" are starting at under $10 an hour and $15 an hour is considered good.   Those wages have been static for at least the last 15-20 years.  And, here's the thing.  Companies are only going to pay so much for labor, no matter how much they make or how much their demand is.  Labor is only "worth" so much to a company.  That's also why nearly all of the 2017 "tax cuts" have went into stock buybacks and virtually none of it has gone into increased wages.  They simply don't have to.