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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
by 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 agoYikes. Up 10% over 40 years!!... quite the antidote to my so-called cherry-picking.