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No. It's a k-type curve where the high deciles are getting higher and the lows are getting lower, so to speak. There is increasingly becoming more of a divide
by SecretDreams 4mo ago
No. It's a k-type curve where the high deciles are getting higher and the lows are getting lower, so to speak.
There is increasingly becoming more of a divide between haves and have nots, and it has a temporal component because of how equity has appreciated over the last decade or so. Both housing and stocks.
People from a decade ago have seen absolutely unsustainable appreciation in their assets while doing nothing. That is putting them at structural advantages against younger generations that will not see those same appreciations. It's like the bus has left without them. No matter how hard and fast they run, someone asleep on the bus will always be ahead of them.
- dmm 4mo ago> It's a k-type curve where the high deciles are getting higher and the lows are getting lower The lowest quartile of income have had the highest growth the past four years.
- mcmcmc 4mo ago[flagged]
- dmm 4mo agoHe didn't post a source either. Go look at the Atlanta Fed's wage growth data if you're actually interested.
- mcmcmc 4mo agoOk I did, and I still have no clue where you’re pulling your numbers from. This shows the bottom quartile has the lowest median growth rate in nominal wages. So low in fact it’s negative. In nominal wages. Not even accounting for inflation. https://www.atlantafed.org/research-and-data/data/wage-growth-tracker#tab-3 https://www.atlantafed.org/research-and-data/data/wage-growt... If you make an outrageous claim with no evidence, don’t be surprised if you are met with skepticism.
- SlightlyLeftPad 4mo agoLooking back in human history, what was the ultimate outcome for similar economic conditions?
- SecretDreams 4mo agoA lot of let them eat cake
- laughing_man 4mo agoThat's not true. The highs are getting higher and the lows are getting higher as well.
- azan_ 4mo ago> No. It's a k-type curve where the high deciles are getting higher and the lows are getting lower, so to speak. Could you provide source? I don't think that's true.