The chart should read "Changes in real wages since 2016" but the meaning remains the same in this article from Bloomberg.
Category: "Inequality"
Rut: a habit or pattern of behavior that has become dull and unproductive but is hard to change. This kind of disparity was one of the main causes of the French Revolution.
This figure comes from an article in the New York Times entitled "Our Broken Economy, One Simple Chart".
I recently came across an article discussing a book authored by two epidemiologists entitled,"The Spirit Level: Why More Equal Societies Almost Always Do Better" ...