And the fact that "total wages and salaries last year amounted to $7.1 trillion, or 42.5 percent of the entire economy [...] lower than in any year previously measured" is also hardly surprising: given that the US government keeps on piling mandates on employers, employers are satisfying those mandates in lieu of raises.
Thats just plain crap. Regulation does not help wages nor hurt it. If that were the case, then deregulation of the airline industry would have increased wages for pilots and air crews. In reality wages for these groups have been declining just like everyone else. Deregulation of the utilities? Same effect, declining wages just like everything else. The reality is that regulation is the bogeyman that the wealthy have pushed to try to give the bottom 20% something other than corporate greed vis-a-vis capitalism to rail against. In effect, its a giant con. They dont actually expect to eliminate regulation, but on the off chance that they do succeed and regulation is reduced, it simply allows corporations to gain greater profits by sacrificing health and safety for employees and the general public: a double win for the rich and powerful.