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The graph defines what it charts very well at the bottom. You can read it, and then if I am somehow still very wrong about the fact that income in the bottom 50

The graph defines what it charts very well at the bottom. You can read it, and then if I am somehow still very wrong about the fact that income in the bottom 50% has gone down, or hasn't kept up if you'd prefer, then you can really stick it to me on this public forum about how I am wrong, and you are right, the only thing that matters on the internet.

sokoloff 5y ago
That graph is showing share of income (thus the y-axis is labeled in percentage [of total income]). That graph makes no statement whatsoever about whether real income in the bottom 50% has gone down, stayed flat, or risen over the 30-year period under discussion. For that, you’d look at a real income chart over the 30 year period, which would show that real income has increased over that span. If incomes at the bottom rise by 20% vs 10% inflation and incomes at the top rise by by 100%, the income at the bottom went up in real terms, though the share of income at the bottom will have gone down.
- pope_meat 5y ago
  sigh. I feel so much more financially secure these days now that my pay is $1 more than 5 years ago, shame my cost of housing doubled. this is why I think it will be hilarious when the kids start revolting, and burning shit down folks like you will be looking at graphs and going "how can they be upset, look at this graph! these gig economy renters should be jumping up and down with joy according to my statistics...ungrateful bunch!"
  - asteroidbelt 5y ago
    > my cost of housing doubled If you live in a good neighbourhood (like San Mateo) and all your neighs income doubled but yours increased by only $1, then it's probably time to find another place to live. > why I think it will be hilarious when the kids start revolting They will end up in jail. And it won't be hilarious. As revolting is not hilarious. > burning shit down Instead of learning a trade and taking a well paid job. > ungrateful bunch They have endless opportunities ahead of them, and if they spend time doing nothing and rioting instead of working, it's only them to blame.
  - robertlagrant 5y ago
    You're mixing up individual and group. As a group, people who have jobs have had their incomes go up. Yours as an individual may not have. No one is saying you're ungrateful as an individual when your experience is different to the group's average.

sokoloff 5y ago

That graph is showing share of income (thus the y-axis is labeled in percentage [of total income]). That graph makes no statement whatsoever about whether real income in the bottom 50% has gone down, stayed flat, or risen over the 30-year period under discussion. For that, you’d look at a real income chart over the 30 year period, which would show that real income has increased over that span. If incomes at the bottom rise by 20% vs 10% inflation and incomes at the top rise by by 100%, the income at the bottom went up in real terms, though the share of income at the bottom will have gone down.

pope_meat 5y ago
sigh. I feel so much more financially secure these days now that my pay is $1 more than 5 years ago, shame my cost of housing doubled. this is why I think it will be hilarious when the kids start revolting, and burning shit down folks like you will be looking at graphs and going "how can they be upset, look at this graph! these gig economy renters should be jumping up and down with joy according to my statistics...ungrateful bunch!"
- asteroidbelt 5y ago
  > my cost of housing doubled If you live in a good neighbourhood (like San Mateo) and all your neighs income doubled but yours increased by only $1, then it's probably time to find another place to live. > why I think it will be hilarious when the kids start revolting They will end up in jail. And it won't be hilarious. As revolting is not hilarious. > burning shit down Instead of learning a trade and taking a well paid job. > ungrateful bunch They have endless opportunities ahead of them, and if they spend time doing nothing and rioting instead of working, it's only them to blame.
- robertlagrant 5y ago
  You're mixing up individual and group. As a group, people who have jobs have had their incomes go up. Yours as an individual may not have. No one is saying you're ungrateful as an individual when your experience is different to the group's average.