3 ms·
>average income has gone up To that I would say there is likely a problem with average. I didn't see a break down of the data in your link, but admittedly its
by thereddaikon 3y ago
>average income has gone up
To that I would say there is likely a problem with average. I didn't see a break down of the data in your link, but admittedly its my lunch break and I didn't have the time to really dig for it either. But its entirely possible that some groups saw an outsized growth in wages while others didn't.
>The MSRP for a 2023 Mustang GT is $38,345
The MSRP of a Mustang GT is $42k before options
https://shop.ford.com/configure/mustang/model/customize/ecoboostfastback?intcmp=vhp-bb-fbc https://shop.ford.com/configure/mustang/model/customize/ecob...
The GT Premium is $47k
- db-interface 3y agoApples to apples here -- the 2020 GT Premium was $43,315. So we're still not looking at nearly the same size of increase. You think the average income is being computed incorrectly? Or that there is just a lot of variance so many people are worse off? It is true that wage increases have been uneven, but they are actually much larger at the low end -- this is why you see the most inflation in low-wage service-heavy categories like restaurants.