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> Paul paints a rosy picture but doesn't mention that incomes for lower and middle-class families have fallen since the 80s. As per the chart literally include
by snicker7 6y ago
> Paul paints a rosy picture but doesn't mention that incomes for lower and middle-class families have fallen since the 80s.
As per the chart literally included in this piece, middle-income median wealth rose over 10% since 1983 (inflation adjusted).
High-income wealth rose much, much more. But the argument PG et. al. seem to make is that the economic order that drives inequality also drives economic growth overall and for the median person. Granted, China might be a more convincing example of this. Median quality of life in the US has declined in some key areas.