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If a man was making a real income of $95k in 1980, and was then knocked down to $55k, so his wife raises their 1 kid (as the example given), goes back to work a
by VictorPath 5y ago
If a man was making a real income of $95k in 1980, and was then knocked down to $55k, so his wife raises their 1 kid (as the example given), goes back to work and makes $100k - they have moved from middle class to upper middle class.
Interesting these charts start in 1980 as well. The average real hourly wage went down from 1972 to 1980, then began a recovery. So when you don't show things were better beforehand, it looks like a constant rise, which it was not.
- pydry 5y agoI had figured since it was the AEI the figures would be intended to mislead.
- refurb 5y agoNot sure I understand your comment as presumably people were staying home with their kid throughout that period? And the entry of women in the workforce happened in the 1970’s. The start date of 1980 might be arbitrary, but you seem to ignore the trend being pointed out.