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> According to this chart, most income groups have barely grown richer since 1979. It's worth pointing out that the primary way most professions get more buyin
by lionhearted 16y ago
> According to this chart, most income groups have barely grown richer since 1979.
It's worth pointing out that the primary way most professions get more buying power is by prices coming down, not wages going up.
This "barely grown richer" is just flat-out wrong. Everyone in countries with remotely decent governance are much better than people 33 years ago were. Much better. That needs to be acknowledged before any handwringing starts.
- ianferrel 16y agoThat chart is already inflation adjusted. See on the bottom where it says "2007 Dollars".