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That chart shows per capita income without adjusting for inflation. It's not very useful for drawing conclusions about real income. And per capita is a simple
by dogwelder 15y ago
That chart shows per capita income without adjusting for inflation. It's not very useful for drawing conclusions about real income.
And per capita is a simple average, while looking at medians or quintiles gives you a clearer picture. Per capita, a roomful of middle class workers all become billionaires if Bill Gates walks in.