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This graph [0] is way more relevant for the people in HN, and shows that for the top 10% growth hasn't stagnated, who I imagine overlap significantly with the p

• jxf 4y ago
  Two things: 1. Just because we're in the top 1% doesn't mean we shouldn't care about the bottom 99%. 2. That graph shows that (real) wages are basically flat for each group the last ten years of the graph while productivity has almost inexorably climbed, so I'm not sure I'd agree that it "hasn't stagnated".
  • gruez 4y ago
    >2. That graph shows that (real) wages are basically flat for each group the last ten years of the graph while productivity has almost inexorably climbed Are we looking at the same graphs here? In the last 10 years of the graph, I see that both productivity gains and wages were leveling out.
    • jxf 4y ago
      It's a terrible graph (no gridlines!) but if you're willing to open it in an image editor and draw some lines, it becomes pretty clear that wage growth for the 90th percentile is up 5 percentage points over the 10-year period, while productivity growth looks to be more than twice that number. Also, it's the long-term trend that matters. Is the gap between each blue line and the yellow line narrowing or widening since the start of the graph? It's the latter, so things are getting worse and not better.
    • bjornsing 4y ago
      That’s because your eyes aren’t socialist enough. Squint them and feel the hate. ;)
  • newaccount2021 4y ago
    [dead]