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Here is some real data. Right now, the inflation adjusted median weekly earnings for people 16+ is essentially at it's highest point ever. Much higher than it w
by missedthecue 5y ago
Here is some real data. Right now, the inflation adjusted median weekly earnings for people 16+ is essentially at it's highest point ever. Much higher than it was 30 or 40 years ago.
https://fred.stlouisfed.org/series/LES1252881600Q https://fred.stlouisfed.org/series/LES1252881600Q
- harry8 5y agoSo that excludes student debt levels (ie the inflation of the price of entry into the workforce) over that period. It includes people aged 40-100 who probably also outnumber and out earn the 16-40 demographic - who I assume dominate the only fans vendors being discussed. The median as a measure will basically exclude the entire demographic. Eg Say for argument everyone in the workforce for 10 years or less had a 50% pay cut it won't show up in the median. Real data is hard!