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>they are definitely not seeing their purchasing power increasing yearly In the US? Real Disposable Personal Income has been growing very consistently over tim
by 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/#:~...