There’s a fair amount of evidence linking wage stagnation over the last 50 years to erosion of collective bargaining and union membership. Unless there are very strong incentives companies are not going to pay employees more than they need to. Employees as a group have a lot of bargaining power, but as individuals, very little. Unless you happen to worn in a highly skilled, and high demand occupation, which are exactly the jobs that have seen wages remain comparatively high.
I agree with most of the other comments that labels aren’t really important. But if you do want to think about and describe your sexuality for whatever purpose, go for it. And as a lifelong bisexual, self doubt is a common enough trope in bi/pansexual communities to get it’s own label, ‘bi imposter syndrome’. Some bi (or pan, I see the difference as mostly stylistic) people are equally attracted to all genders, some have a significant tendency one way or another, and some think they have a preference and then it switches, and sometimes switches back again and again. I’ve been in a relationship with the same guy for so long now, I sometimes wonder ‘am I really bi? Am I just pretending? Maybe I just didn’t know what I wanted when I was young, and now I can admit I’m just gay’. But then I speak to some girl, or see a hottie on TV, and realise I’m defitnely sexually attracted to them.
If bi is so broad to include anyone who has ever had, or could have, sexual attraction to anyone who wasn’t their traditional hetero gender, is there any point in the label? Isn’t almost everyone bi? Sure! I kinda think everyone is kinda bi on some level. But it’s also about what purpose a label serves. If someone described themselves as ‘pan’, I would assume they woukd open-minded and nonjudgemental about people of different sexualites and genders. I wouldn’t assume they’d automatically be attracted to everyone they met, even straight men aren’t attracted to every woman. I use to avoid calling myself gay, because I’m bi, but I realised that insisting on that was sometimes kinda homophobic, and as someone married to another man, I have a lot in common with lots of gay folks. But I also sometimes refer to myself as a “straight white man” when talking about privilege, because most acquaintances don’t think of me as gay so I’ve never experienced much discrimination on that front, and don’t feel I can claim to speak as a ‘minority’.