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.
Wage inflation is when workers' pay rises faster than the cost of living. This occurs when there is a shortage of workers, when labor unions negotiate ever-higher wages, or when workers effectively control their own pay. A worker shortage occurs whenever unemployment is below 4%.