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Maybe you have an exceptional friend group because .. outside of your anecdata .. the statistically average salaries for many of those professions over large sa
by the_real_cher 2y ago
Maybe you have an exceptional friend group because .. outside of your anecdata .. the statistically average salaries for many of those professions over large sample sets is below the median in the us and they are definitely not seeing their purchasing power increasing yearly
- derektank 2y ago>they are definitely not seeing their purchasing power increasing yearly In the US? Real Disposable Personal Income has been growing very consistently over time [1]. The rate of growth did stagnate between 2000 and 2013 but the trend has been remarkably consistent. [1] https://fred.stlouisfed.org/series/DSPIC96 https://fred.stlouisfed.org/series/DSPIC96
- raziel2p 2y agothe per capita version of your graph: https://fred.stlouisfed.org/series/A229RX0 https://fred.stlouisfed.org/series/A229RX0 it claims that the average person has 50k usd in disposable yearly income - there's no way that's after housing and other non optional expenses have been accounted for. using this measurement, if wages go up 5% but rent goes up 50%, it would still look as if people have more money to spend than before.
- fulafel 2y agoIf you consider most of this going to rich people it's more understandable. Per capita doesn't try to describe the average person.
- deleted 2y ago[deleted]
- the_real_cher 2y agovery minimally and not in proportion to their output. the rich are taking The Lion's share of productivity growth https://www.epi.org/publication/charting-wage-stagnation/#:~:text=Wage%20trends%20of%20the%20last%20three%20decades&text=Slow%20and%20unequal%20wage%20growth,received%20by%20a%20typical%20worker. https://www.epi.org/publication/charting-wage-stagnation/#:~...