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This seems like a non sequitur. Total compensation vs. inflation is not a measure of inequality.
by chc 7y ago
This seems like a non sequitur. Total compensation vs. inflation is not a measure of inequality.
- xyzzyz 7y agoYes, but the grandparent claimed that > and almost none of the gain has gone to those at the bottom of society which is not true, since real compensation at the bottom of society has also gone up.
- chc 7y agoBy all the numbers I've seen, that's not really the case. For one example, according to the Congressional Research Service[1], inflation-adjusted wages for the bottom 10% of earners have been stagnant since the start of the 1980s, and inflation-adjusted wages for the bottom 50% have been nearly stagnant, with small gains that consist almost entirely of women's income getting closer to parity with men's. [1]: https://crsreports.congress.gov/search/#/?termsToSearch=r45090&orderBy=Relevance https://crsreports.congress.gov/search/#/?termsToSearch=r450...