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There has been almost no increase in median household income since 1970s. - http://web.stanford.edu/class/polisci120a/immigration/Median%20Household%20Income.p
by ptr_void 9y ago
There has been almost no increase in median household income since 1970s.
- http://web.stanford.edu/class/polisci120a/immigration/Median%20Household%20Income.pdf http://web.stanford.edu/class/polisci120a/immigration/Median...
- https://fred.stlouisfed.org/series/MEHOINUSA672N https://fred.stlouisfed.org/series/MEHOINUSA672N
- http://www.usinflationcalculator.com/ http://www.usinflationcalculator.com/
- randyrand 9y agoThis depends on very closely with how precisely you account for inflation. Accounting for inflation is not scientific. Its a social science. A median household can afford more of and better quality things today than the past, but some measures of inflation will not account for this correctly.
- ptr_void 9y agoThanks, I didn't realize this aspect of inflation. Although I'd imagine the straight forward measure is good enough when it is used for relative comparisons between top x% to bottom y%.