3 ms·
I don't know if it's being done as a joke or what, but this is the exact sort of myopic focus on a single economic variable that is being criticized as failing
by marginalia_nu 2y ago
I don't know if it's being done as a joke or what, but this is the exact sort of myopic focus on a single economic variable that is being criticized as failing to capture economic reality.
- johnnyanmac 2y agoYeah, we should be comparing spending power as a very slight upgrade to the metric of overall compensation. And I'm not even sure what this graph is supposed to be showing. The biggest difference is when he 1st quartile stagnates while the 4th quartile loses 4-5%. 95% of $200,000 is still a lot more than even a 100% increase in salary for $40,000. my most generous, lazy interpretation of this chart shows a whopping $15% increase in wages for the first quartile.