> How is "all time high" income surprising, given that inflation essentially guarantees perpetually increasing dollar amounts of everything? Even when measurin

> How is "all time high" income surprising, given that inflation essentially guarantees perpetually increasing dollar amounts of everything? Even when measuring real dollars, it's not a surprise. The great majority of the time, the aggregate national income, measured by GDP, grows in the U.S. and in any other advanced economy. https://tradingeconomics.com/united-states/gdp-growth https://tradingeconomics.com/united-states/gdp-growth In the last 30 years, I count 11 quarters out of 120 when the GDP shrank.