I make a little more than double the cap. I’m in favor of increasing or eliminating the cap but that would double my check in the future. (Not quite, I haven’t made double the cap my entire working life, but it would increase it a lot.) That would still help a bit because not all of our withholdings go to basic social security. Some goes to disability, spousal benefits, etc. Increasing taxes and benefits proportionally, which is the way benefits are structured now, doesn’t solve anything.
I believe social security has a lot of value so I’m in favor of not just fixing the funding, but expanding it as well. But if you want to make it healthier just with payroll taxes they would have to be progressive, like income tax, without increasing benefits.
Nominal is more than inflation so real is above 0.
Real just has to be above 0 for inflation adjusted wages to be going up.
I still call bullshit though without knowing where the increases are. All the increases could be in the top 10% with everyone else going down and only the average is above 0.
Edit: I was wrong, the growth is actually weighted toward the lower end.