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The article actually explains away a lot of the differences from 1970-1999 by accounting for aging and household size.
by cm2012 12y ago
The article actually explains away a lot of the differences from 1970-1999 by accounting for aging and household size.
- api 12y agoI've been staring at a lot of these kinds of graphs for years. Most of them show gains in middle class income in the late 90s, which means that the statement "the middle class hasn't gotten a raise in 15 years" is accurate. Yet when you zoom way out nearly everything I've seen shows the decoupling starting around 1970 or shortly thereafter. It simply experienced a blip in the opposite direction from roughly '95 to 2000 and then the trend both resumed and accelerated. In stock trading they say "nothing goes straight up and nothing goes straight down," but the overall trend is what's important.
- selimthegrim 12y agoSo you think Balaji Viswanathan was right when he said the Paper Belt was going to pin it on the Maker Belt? (paraphrasing)