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He's not writing about 'income distribution' or 'share of national income', he's writing about wages and consumption. (Adopting the same dismissive tone as you
by gojomo 14y ago
He's not writing about 'income distribution' or 'share of national income', he's writing about wages and consumption.
(Adopting the same dismissive tone as your first sentence, can we thus conclude your refutation is pretty much geared for people "who can't do reading"?)
- rayiner 14y agoYou're right, he's talking about wages re: consumption, but as an attempt to address "progressive" concerns about wages re: income distribution. He's setting up a straw man and knocking it down.
- chrisfromto 14y agoNo, he's not. He's addressing one of the premises commonly used when making the inequality argument, that middle class wages have stagnated since roughly the 70s. Nothing more, nothing less.