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No one is arguing that Japan's economy has grown more than others. The reliance on GDP-based data (obfuscates inequality) and household income data (Japanese an
by bsanr2 7y ago
No one is arguing that Japan's economy has grown more than others. The reliance on GDP-based data (obfuscates inequality) and household income data (Japanese and American households do not send both parents to work at an equal rate) fails to capture the relative fortunes of our country's middle classes.
This is also concerning:
>Thus, use caution when comparing median incomes above $12,000 for people or $18,000 for families and households for different years