6 ms·

Could you give some citations?

• debatem1 8y ago
  Sure. This is pretty much my point in two charts: https://www.financialsense.com/sites/default/files/users/u618/images/2015/0507/03-Labor-Productivity-and-Median-Household-Incomes.png https://www.financialsense.com/sites/default/files/users/u61... http://www.pewresearch.org/ft_dual-income-households-1960-2012-2/ http://www.pewresearch.org/ft_dual-income-households-1960-20... If you want to zoom in on more recent events wikipedia has a pretty compelling chart here: https://en.wikipedia.org/wiki/Household_income_in_the_United_States#/media/File:US_GDP_per_capita_vs_median_household_income.png https://en.wikipedia.org/wiki/Household_income_in_the_United...
  • faet 8y ago
    "Real Output" is misleading as capital inputs/investing can greatly change it. Multifactor productivity vs Compensation is pretty equal. http://i.imgur.com/5mOQARo.png http://i.imgur.com/5mOQARo.png
    • debatem1 8y ago
      Might just be me but I'm missing the relevance. The point is that a household which has already maxed out its possible number of workers no longer has the option of sending someone else to work to deal with a sudden expense, so a two worker household is more fragile than a single worker household at the same income. The only reason I bring up productivity is to mention that it hasn't come down in proportion, which this graph doesn't show either.