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Median/below median wages are in decline in the US, period. Healthcare,... It's completely nonsensical to adjust wages for the cost of healthcare when healthca
by yummyfajitas 10y ago
Median/below median wages are in decline in the US, period. Healthcare,...
It's completely nonsensical to adjust wages for the cost of healthcare when healthcare is primarily paid by non-wage benefits. It's also nonsensical to ignore total comp and focus on wages, unless of course you are cherrypicking.
Matstroller has effectively addressed your other issues, so I feel no need to.
Note also that Branko Milanovic - the source of your graph - explicitly says that global income inequality is decreasing in his book. From a book review:
"Milanovic, like Bourguignon, stresses one encouraging fact. While inequality is rising within most countries, notably the high-income ones, global inequality of incomes, though huge, has been falling, particularly since 2000."
http://www.ft.com/cms/s/0/13603aa2-0185-11e6-ac98-3c15a1aa2e62.html#axzz48qeN6skc http://www.ft.com/cms/s/0/13603aa2-0185-11e6-ac98-3c15a1aa2e...
- burfog 10y agoOf course you have to count healthcare. It's a payment that the employer makes on behalf of the employee. You should also count company housing, company cars, an eat-all-you-want cafeteria, employee discounts, employer-paid gym membership or on-site gym, etc.