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Do you really not understand how per capita income is not a meaningful statistic in a situation where income inequality is extremely high?
by NeoBasilisk 8y ago
Do you really not understand how per capita income is not a meaningful statistic in a situation where income inequality is extremely high?
- JumpCrisscross 8y ago> Do you really not understand how per capita income is not a meaningful statistic in a situation where income inequality is extremely high? Real median household income in the United States is up 20% from 1984. At 0.5% a year, that's less than it could be. But it's still objectively better than it was then, and much better than it was after WWI. Life today is better--for most Americans--than it was at virtually any time in the past.