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In that case, think of that chart as representing "buying power," rather than "income."
by pmiller2 9y ago
In that case, think of that chart as representing "buying power," rather than "income."
- cheald 9y agoThat doesn't make sense, though, because if your buying power remains stagnant, but you suddenly don't need to buy health insurance with that buying power (because it's handled in the form of pre-takehome compensation), then hasn't your net buying power increased?
- thehardsphere 9y agoNo, because the buying power of everyone has gone up in most areas thanks to innovations in technology and entrepreneurship duing the period in the chart.