3 ms·
Wage growth and gdp increases don't really do much for a lot of people if inequality is high. Unemployments statistics also differ heavily on what the specific
by simongr3dal 6y ago
Wage growth and gdp increases don't really do much for a lot of people if inequality is high.
Unemployments statistics also differ heavily on what the specific statistic consider unemployment to be.
- refurb 6y agohttps://www.census.gov/library/publications/2020/demo/p60-270.html https://www.census.gov/library/publications/2020/demo/p60-27... 6.8% increase in median household income from 2018-2019. Look at the stats, most of that growth went into the lower quintiles. And no, even if income inequality increases, higher incomes for low wage workers have real, immediate benefits.