2 ms·
The bottom 10% didn't get worse. No one got worse. Everyone is wealthier. What happened is that the category "men w/o degrees" comprises a different percentile
by mjburgess 5y ago
The bottom 10% didn't get worse. No one got worse. Everyone is wealthier.
What happened is that the category "men w/o degrees" comprises a different percentile of society.
If you did everything by percentiles, rather than statistical categories, it would be obvious.
Every percentile is wealthier.
The data is widely available: https://ourworldindata.org/ https://ourworldindata.org/ .
The general increase in wealth is extraordinary and unprecedented in human history for all of society. Dispoable income, since 1980, has increased 400% , https://tradingeconomics.com/united-states/disposable-personal-income https://tradingeconomics.com/united-states/disposable-person... .
One imagines that the reasons articles like this trade in made-up statistical categories is that any straightforward analysis would reveal this; as it is overwhelming.
- lowbloodsugar 5y agoYour first site looks credible, but you don't link to data. Your second site provides data about the combined disposable income of the entire population, which I don't think anyone is arguing about. Do you have any data that supports your claim that inflation adjusted disposable income has increased for everyone?