MBAs and wage stagnation

A business-man in a suit whose head has been replaced with a money-bag sports a graduate’s mortarboard. He stands atop a pile of skulls. Blurred in the background is Yale’s Old Campus. Image: Ad Meskens (modified) https://commons.wikimedia.org/wiki/File:Yale_University_Old_Campus_04.JPG CC BY 3.0 https://creativecommons.org/licenses/by-sa/3.0/deed.en

Before the Great Resignation, there was the Great Stagnation, a 40-year relentless decline in workers’ compensation, no matter whether the economy was booming or busting. This was a sharp change from the historical norm in which rising profitability translated to rising wages.

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