3 ms·
Here is another: > Americans in the bottom 90 percent of the income distribution would be making an extra $12,000 per year, on average. This is misleading. $1
by nullc 6y ago
Here is another:
> Americans in the bottom 90 percent of the income distribution would be making an extra $12,000 per year, on average.
This is misleading. $12k sounds like a lot compared to someone making the poverty line, but it's as much compared to a household at the 90-percentile income (~$200k), and high percentile incomes dominate that average because incomes in the bottom 90% are also rather unequally distributed too.
The point that additional wealth has consolidated at the top due to wage stagnation is a fine point to make, but they way they chose to represent it exaggerates the point.