Re:Rank-reversal aversion may be causing more social problem...
by AnthonyMouse on Saturday July 15, 2017 @05:53PM
(#14779207)
That is missing the point. Even assuming all of them went from $15K/year to $19K/year, that doesn't bring back the middle class.
It's not enough to get the people at the 5th percentile to where the people at the 25th percentile are. We need to get the people at the 25th percentile to where the people at the 50th percentile are now, and the people at the 50th percentile to where the people at the 75th percentile are now etc.
Trying to lift up only the bottom is what hollows out the middle. We need to lift up the middle too.
It's not enough to get the people at the 5th percentile to where the people at the 25th percentile are. We need to get the people at the 25th percentile to where the people at the 50th percentile are now, and the people at the 50th percentile to where the people at the 75th percentile are now etc.
Trying to lift up only the bottom is what hollows out the middle. We need to lift up the middle too.