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uawchild

(2,208 posts)

6. Also from the Wikipedia article Middle-Class Squeeze

Reply to Recursion (Reply #3)

Thu Oct 15, 2015, 01:23 PM

Oct 2015

"U.S. economic growth is not translating into higher median family incomes. Real GDP per capita has increased since the year 2000 while the real median income per household has not, indicating a trend of greater income inequality.[9]"

I saw a graph somewhere that showed the American worker's economic well being actually peaked in the 1970's, I will try to find it, but from everything I have read and experienced, I would believe that could very well be the case.

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Highlight:

Jobless Claims in U.S. Fall to Match Lowest Level Since 1973 [View all] Historic NY Oct 2015 OP

Charts FBaggins Oct 2015 #1

And yet middle class income share is at Lowest Level Since 1973 too. Go Figure. uawchild Oct 2015 #2

Median real wages and incomes are higher now than in 1973 Recursion Oct 2015 #3

cite please uawchild Oct 2015 #4

Not your interlocutor but this is one I know well whatthehey Oct 2015 #5

Thanks for participating in this discussion! uawchild Oct 2015 #10

Notice "share of wealth owned" is a different question? Recursion Oct 2015 #11

notice that "median" income isn't what the OP was about either? uawchild Oct 2015 #19

Share of wealth is irrelevant to median income or QOL however whatthehey Oct 2015 #13

Your own chart is a good cite Recursion Oct 2015 #7

Also from the Wikipedia article Middle-Class Squeeze uawchild Oct 2015 #6

Yup. It still ends higher than 1973 Recursion Oct 2015 #8

So what's your point? JackRiddler Oct 2015 #14

As I said, that's in real dollars Recursion Oct 2015 #15

the question? uawchild Oct 2015 #17

"Wages and incomes are higher today than in 1973. Which was the question." For WHOM? uawchild Oct 2015 #20

Data trumps anecdotes whatthehey Oct 2015 #21

Platitudes trump nothing, but they satisfy self-delusions. JackRiddler Oct 2015 #24

The data do show growth. Slower growth is still growth. Better off is still better off. whatthehey Oct 2015 #28

Lets look more closely at that growth... uawchild Oct 2015 #16

You are still confusing share and purchasing power whatthehey Oct 2015 #23

Yeah, except it's in your imagination JackRiddler Oct 2015 #25

Absolute income growth for the median MEANS they are better off! whatthehey Oct 2015 #27

What does this data say to you? whatthehey Oct 2015 #12

Thanks Obama!!! That damn ACA is really killing the economy!!! LOL nt winstars Oct 2015 #9

When I was laid off June, 2009 Jimbo S Oct 2015 #18

Sounds like SOCIALISM! IronLionZion Oct 2015 #22

We also have ~44 milion people living in poverty. CentralMass Oct 2015 #26