4 ms·
>>+ Economic mobility is significantly worse >I don't think that is true. Do you have a cite. https://www.brookings.edu/blog/up-front/2022/06/29/stuck-on-the-
by polygotdomain 3y ago
>>+ Economic mobility is significantly worse
>I don't think that is true. Do you have a cite.
https://www.brookings.edu/blog/up-front/2022/06/29/stuck-on-the-ladder-wealth-mobility-is-low-and-decreases-with-age/ https://www.brookings.edu/blog/up-front/2022/06/29/stuck-on-...
There's also studies out there that show where you were born/raised can have a significant impact on mobility
>>+ Stagnated wages relative to inflation for much more than 20+ years
>That's an odd way to say things aren't different from what they were 20 years ago.
That's not what I'm saying at all. I'm saying that wages have gone up at a lower rate than inflation, therefore leaving the majority of the working class with less buying power than they used to have.
>>+ Significantly more income inequality than 20+ years ago
>This is slightly true. Gini index when I was born was 38ish and now it's 40ish. So slightly worse but also because the rich have gotten richer. Not because the poor have gotten poorer in an absolute sense.
I think there's more than just the Gini index. Here's an interesting chart that shows the slight rise in Gini that you referenced, but combined with other measures that factor into income inequality. The data is only until 2015, but I doubt it's gotten any better since then.
https://www.chartbookofeconomicinequality.com/inequality-by-country/usa/ https://www.chartbookofeconomicinequality.com/inequality-by-...
>>Health insurance costs that significantly outpace inflation
>Anyone talking about health insurance is just not remembering how it was. If words like "HMO" and "pre-existing condition" and "Lifetime maximum" don't send shivers down your spine then you're not correctly remembering how terrible it was. For all the flaws the US health care system has it's simply miles ahead of what it was pre-Obamacare.
I didn't say that health insurance isn't better than it was. All I'm saying is that costs have outpaced inflation. It doesn't matter because the US healthcare system is still a massive farce and simply exists to leach profits off the American public. Even those that make well into the 6 figures are just one accident or diagnosis away from being massively in debt or driven into destitution just to afford medical care.
- treis 3y ago>https://www.brookings.edu/blog/up-front/2022/06/29/stuck-on- https://www.brookings.edu/blog/up-front/2022/06/29/stuck-on-... >There's also studies out there that show where you were born/raised can have a significant impact on mobility I didn't see anything in that article about if and how much worse is today than it used to be. > I'm saying that wages have gone up at a lower rate than inflation, That's just factually incorrect. Real hourly wages have held steady since the 60s and are slightly up from when millennials were born: https://www.pewresearch.org/short-reads/2018/08/07/for-most-us-workers-real-wages-have-barely-budged-for-decades/ https://www.pewresearch.org/short-reads/2018/08/07/for-most-... ... This is why I don't usually like to wade into these debates. People have a warped perception of how things used to be and how they've changed.
- shakow 3y ago> That's just factually incorrect This kind of curve without at least an estimation of the variance does not mean anything.