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Yes, which is why you should pick earliest data to be the most conservative and then say "hey, we're living much better than people in 1800s". Comparing down i

Yes, which is why you should pick earliest data to be the most conservative and then say "hey, we're living much better than people in 1800s". Comparing down is not helpful. The government is supposed to be striving up and not letting things settle compared to a low baseline or slide down. If you're arguing that the situation is within bounds of some sort of cycle or variance, you get to show evidence for bounded variance (e.g. bands) and arguments on how much of it is normal.

JumpCrisscross 8y ago
> which is why you should pick earliest data to be the most conservative and then say "hey, we're living much better than people in 1800s" My argument was that wage growth in the last few months has been significant; before that it was insignificant. So yes, the average American is earning more (in real terms) than in the 1800s, 1950s or even mid-2000s. But that wasn’t the argument.