3 ms·

What evidence do you have that portion of the pie is getting smaller for most people? I do not believe this at all. It's especially not true on a global scale

What evidence do you have that portion of the pie is getting smaller for most people? I do not believe this at all. It's especially not true on a global scale, where globalization has improved the lives and wealth of millions in China and India.

lkrubner 8y ago
Wages for men have fallen since 1973: http://www.smashcompany.com/business/wages-in-the-usa-have-been-falling-since-1973 http://www.smashcompany.com/business/wages-in-the-usa-have-b... The fall is especially sharp if you count health care expenditures, which have risen faster than average inflation, but since that also effects women, you could remove the "men" from the first sentence. For specific examples of industries that have suffered, consider the decline in the wages for truckers: http://www.smashcompany.com/business/truckers-have-seen-there-wages-shrink-and-automation-can-not-be-blamed http://www.smashcompany.com/business/truckers-have-seen-ther... Men with college degrees have done better than men without college degrees: http://www.smashcompany.com/business/is-it-useful-to-have-a-college-degree http://www.smashcompany.com/business/is-it-useful-to-have-a-...
eloff 8y ago
It is true in the US. There's been a lot published on the subject and it won't be hard to find. The developing world is another story, but the inequality is arguably even more extreme. With a much higher percentage of people living in poverty. Their middle class is mostly growing though, so the picture is improving.
- peacetreefrog 8y ago
  No, a lot depends on how you look at the data. See these two videos for a good overview: https://www.policyed.org/numbers-game https://www.policyed.org/numbers-game
peacetreefrog 8y ago
Getting downvoted here, but see the non-partisan IGM economic survey on this. "The 9% cumulative increase in real US median household income since 1980 substantially understates how much better off people in the median American household are now economically, compared with 35 years ago." When asked to agree-disagree, 60% of economists (70% when you weight by confidence) agree with this. http://www.igmchicago.org/surveys/us-median-income http://www.igmchicago.org/surveys/us-median-income

lkrubner 8y ago

Wages for men have fallen since 1973: http://www.smashcompany.com/business/wages-in-the-usa-have-been-falling-since-1973 http://www.smashcompany.com/business/wages-in-the-usa-have-b... The fall is especially sharp if you count health care expenditures, which have risen faster than average inflation, but since that also effects women, you could remove the "men" from the first sentence. For specific examples of industries that have suffered, consider the decline in the wages for truckers: http://www.smashcompany.com/business/truckers-have-seen-there-wages-shrink-and-automation-can-not-be-blamed http://www.smashcompany.com/business/truckers-have-seen-ther... Men with college degrees have done better than men without college degrees: http://www.smashcompany.com/business/is-it-useful-to-have-a-college-degree http://www.smashcompany.com/business/is-it-useful-to-have-a-...

eloff 8y ago

It is true in the US. There's been a lot published on the subject and it won't be hard to find. The developing world is another story, but the inequality is arguably even more extreme. With a much higher percentage of people living in poverty. Their middle class is mostly growing though, so the picture is improving.

peacetreefrog 8y ago
No, a lot depends on how you look at the data. See these two videos for a good overview: https://www.policyed.org/numbers-game https://www.policyed.org/numbers-game

peacetreefrog 8y ago

Getting downvoted here, but see the non-partisan IGM economic survey on this. "The 9% cumulative increase in real US median household income since 1980 substantially understates how much better off people in the median American household are now economically, compared with 35 years ago." When asked to agree-disagree, 60% of economists (70% when you weight by confidence) agree with this. http://www.igmchicago.org/surveys/us-median-income http://www.igmchicago.org/surveys/us-median-income