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Nor is that what henrikschroder is claiming. I understand him to be saying that the majority of Americans have declining incomes, adjusted for inflation, over
by chairface 16y ago
Nor is that what henrikschroder is claiming. I understand him to be saying that the majority of Americans have declining incomes, adjusted for inflation, over some recent period of time. Could be true, but I'd like to see numbers.
- henrikschroder 16y agoExactly, I've even seen some articles here on HN that were about this, but a quick googling seems to say that the jury is kinda out on that one. If you look at wikipedia the incomes for the lower percentiles are pretty flat, but not really declining. shrug
- lusis 16y agoYes, I apologize. There are a few things that raise my hackles when it comes to discussions of "income inequality" and "rich people". 1) The presumption that wealth is gained at the expense of someone else. 2) That wealth is always given and not earned. 3) That being "rich" is the result of some sort of criminal behavior. 4) Phrases like "doesn't need that much money" or "has too much money" and the like. 5) The idea that a job belongs to anyone other than the person providing it. You didn't claim any of those things per se.