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Citation? Most IS data shows flat to moderate increases for all quintiles. Top 5% has had greater % increases than any other cohort but that doesn’t mean that
by djrogers 9y ago
Citation? Most IS data shows flat to moderate increases for all quintiles. Top 5% has had greater % increases than any other cohort but that doesn’t mean that the other 95% are experiencing negative growth in income.
- metalliqaz 9y agoYou are completely correct of course, but I think he meant that the economy felt like downturn, rather than that actual wages were down. In that respect he's right, because as so many wages have stagnated, buying power has dropped due to inflation.