Stagnation of wages has led to a higher standard of living for low wage workers.

Name: Stagnation of wages has led to a higher standard of living for low wage workers.
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Question

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Stagnation of wages means that there is little to no increase in wages, which results in low wage workers struggling to keep up with the cost of living. A lack of wage growth can lead to a decrease in the standard of living for low wage workers, not an increase.

Stagnation of Wages Has Led to a Higher Standard of Living