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Is it just me or does it seem like $40k has been the default for far too long. I believe (anecdotally) that it's been the average white-collar entry-level salary since the late 90s/early 2000's.

Seems that the number isn't adjusted for inflation and should be closer to $45 or $50k in 2017+

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You also need to include other benefits as well. Benefits as a percent of total compensation have increased heavily over the past 20-30 years. Now they make up ~30% of an employees total compensation.

https://fred.stlouisfed.org/series/COMPRNFB

> have increased heavily

for the 1%.

Wages have been stagnant since the 1980s:

http://www.epi.org/publication/charting-wage-stagnation/

Lots more to read here:

https://www.google.com/#q=wages+flat+since+1980

https://fred.stlouisfed.org/series/COMPRNFB

Total compensation per hour has increased 44% since the 80s.

While the COL has increased by 200%.

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