4 ms·
As itbeho pointed out, the census moved the goal posts, rendering that whole claim questionable at best [1]. Additionally, income increases don't refute what t
by mdorazio 10y ago
As itbeho pointed out, the census moved the goal posts, rendering that whole claim questionable at best [1].
Additionally, income increases don't refute what the author said at all. If I lost a 75k a year job and replaced it with a 30k a year job, an increase of anything less than 150% leaves me worse off than I was before. You can see this if you look at real median wage information - we are still well below 2007 levels, even with the census tricks.
[1] http://www.zerohedge.com/news/2016-09-15/deconstructing-median-income-farce http://www.zerohedge.com/news/2016-09-15/deconstructing-medi...