3 ms·
> Wages have surpassed inflation in just about every income bracket for the past 100 years. And when you factor in total remuneration, returns to workers are ev
by ambicapter 6y ago
> Wages have surpassed inflation in just about every income bracket for the past 100 years. And when you factor in total remuneration, returns to workers are even higher. Here's 50+ years of data [1]
> [1] https://fas.org/sgp/crs/misc/R44705.pdf https://fas.org/sgp/crs/misc/R44705.pdf
This document is 47 pages long. Can you cite the page or section you're referring to?
- ChrisLomont 6y agoLots of pages show the data in various ways. The chart Fig 5 on page 7 is pretty clear for household income. Table 2 page 34 shows every quintile becoming richer over time. Lots of the content also explains forces affecting this. There's plenty of such studies from the Fed and from CBO, among others.