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Shocked, really? >...even he was surprised by RAND’s findings. In fact, he says that before the report was completed, he had done his own “back-of-the-envelope
by dTal 6y ago
Shocked, really?
>...even he was surprised by RAND’s findings. In fact, he says that before the report was completed, he had done his own “back-of-the-envelope math” and wound up underestimating by a good 40% the degree to which workers’ incomes have failed to keep pace with GDP. “It’s startling,” he says...
...except this [0] graph has been floating around for years, and the 40% failure to keep pace is visible plain as day on it. I'm glad there's more comprehensive research about it, but come on - this isn't even remotely groundbreaking. You'd basically have to be living under a rock for any of this to come as a surprise. There were even protests about it a few years back - what were they called? "Occupy Main Street" or something?
[0] https://i.redd.it/szwd5045fzl51.png https://i.redd.it/szwd5045fzl51.png