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Regarding that last chart, I changed it to "US Income" and got a different story. It looks like US Income has largely kept pace with the big mac.
by serverholic 5y ago
Regarding that last chart, I changed it to "US Income" and got a different story. It looks like US Income has largely kept pace with the big mac.
- JohnJamesRambo 5y agohttps://www.pewresearch.org/social-trends/2020/01/09/trends-in-income-and-wealth-inequality/screen-shot-2020-01-08-at-5-06-47-pm/ https://www.pewresearch.org/social-trends/2020/01/09/trends-... US income hasn’t increased equally though. The rich could already afford a Big Mac.
- e4e78a06 5y agoIf you think about what 1970s "middle income" jobs looked like, they were mostly factory jobs that paid well. Nowadays those jobs don't exist due to deindustrialization. So you can't really blame that income inequality on domestic US social policy when a big portion was due to US foreign policy.