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I was going to object that: - this data misses people who transitioned to gig work or other types of self-employment, and - looking at average (mean) can be m
by rahimnathwani 3y ago
I was going to object that:
- this data misses people who transitioned to gig work or other types of self-employment, and
- looking at average (mean) can be misleading due to large numbers at the top
BUT... it appears that median household income has also gone up faster than CPI, which means those objections are likely irrelevant.
https://fred.stlouisfed.org/series/MEHOINUSA672N https://fred.stlouisfed.org/series/MEHOINUSA672N