Comment Comment by bhupy A lot of anecdotes and conjecture here, so it’s worth analyzing the median trends across generations:https://www.bloomberg.com/opinion/articles/2020-09-23/median...https://twitter.com/ernietedeschi/status/1308748407633309696https://twitter.com/ernietedeschi/status/1308813020425007105(yes, these are all adjusted for inflation)Real median per capita income is the highest its ever been regardless of which inflation index you use -> https://twitter.com/Noahpinion/status/1307793622369103872Not only that, we’re on average working fewer hours — so not only has income growth been higher in recent years, it’s been of higher quality -> https://twitter.com/Noahpinion/status/1308790402082766849Anecdotes are important because they allow people to voice their concerns, but it’s important that we don’t miss the forest for the trees. parent bhupy 6 years ago
https://www.bloomberg.com/opinion/articles/2020-09-23/median...
https://twitter.com/ernietedeschi/status/1308748407633309696
https://twitter.com/ernietedeschi/status/1308813020425007105
(yes, these are all adjusted for inflation)
Real median per capita income is the highest its ever been regardless of which inflation index you use -> https://twitter.com/Noahpinion/status/1307793622369103872
Not only that, we’re on average working fewer hours — so not only has income growth been higher in recent years, it’s been of higher quality -> https://twitter.com/Noahpinion/status/1308790402082766849
Anecdotes are important because they allow people to voice their concerns, but it’s important that we don’t miss the forest for the trees.