3 ms·

For the 1001th time, inequality is not by default a negative or positive thing. If it's the result of freedom and the market, then it is a _good_ thing. A risin

• blueboo 7y ago
  And the tide comes in and out every day Meanwhile in the non-facile analogized real world, real wages haven’t budged in 40 years https://www.epi.org/publication/understanding-the-historic-divergence-between-productivity-and-a-typical-workers-pay-why-it-matters-and-why-its-real/ https://www.epi.org/publication/understanding-the-historic-d...
  • CompelTechnic 7y ago
    Both real median wages and real median per capita income are growing. Part of the rise of income is the fact that people are working more hours than they used to. https://www.advisorperspectives.com/dshort/updates/2018/10/16/u-s-household-incomes-a-51-year-perspective https://www.advisorperspectives.com/dshort/updates/2018/10/1... https://fred.stlouisfed.org/series/LES1252881600Q https://fred.stlouisfed.org/series/LES1252881600Q Some of the data used by your source uses the year 2000 as a baseline. This was a highwater mark and feels like cherry-picking (caveat: it is a nice round number). This narrative was especially strong during the great recession, but it is not strong today.
    • blueboo 7y ago
      Yikes. Up 10% over 40 years!!... quite the antidote to my so-called cherry-picking.