4 ms·
I found this link[0] that tells us that the median income - adjusted for inflation - seems to be rising since 1967. https://www.davemanuel.com/median-household
by mzi 7y ago
I found this link[0] that tells us that the median income - adjusted for inflation - seems to be rising since 1967.
https://www.davemanuel.com/median-household-income.php https://www.davemanuel.com/median-household-income.php
- nbp160130 7y agoThis is measuring household income, not individual income. Real household income isn't increasing because wages are rising, it's increasing because more people in a household are working.
- eru 7y agoOn the other hand, household sizes have decreased. (Though not sure about workers per household.) > [...] it's increasing because more people in a household are working. More people are working outside the house and participating in the market economy. Women worked before, domestic chores don't show up in these statistics. Presumably they produce a lot more working outside the house: to estimate a monetary value of what they did before compare with the prevailing wages for nannies and housekeepers.