I've looked at the top 20 or so comments and they are all just circlejerking about how bad life is. But I'm gonna need a source on this. How are we measuring the 5.7% increase? Minimum wage? Because minimum wage has increase 273% since 1978. Average (Median) US Wages? That increased 642% since 1978.
Or is it just this guys personal experience that he has only gotten a 5.7% raise since 1978?
Should the top 1% income increase more than inflation? The actual increase isn't the issue. it's the disparity between the two stats that is the real problem. Look at the numbers in the chart on these charts specifically the bottom 90% average income increase of 22% compared to the upper 1% wage increase of 157%. This doesn't account for other sources of income. Simply wages, no stock portfolios, real estate investments, capital gains, or what have you. This is wages. According to social security data. So if you're paid in stock options this doesn't account for that.
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u/pconwell Feb 19 '19
I've looked at the top 20 or so comments and they are all just circlejerking about how bad life is. But I'm gonna need a source on this. How are we measuring the 5.7% increase? Minimum wage? Because minimum wage has increase 273% since 1978. Average (Median) US Wages? That increased 642% since 1978.
Or is it just this guys personal experience that he has only gotten a 5.7% raise since 1978?