Re:Technology Change Not the Culprit in Wages Falling Behind...
by throwaway1748 on Thursday February 22, 2018 @02:40AM
(#16435915)
Not sure why this comment wasn't upvoted higher. Inflation has effectively been a slow-moving tax increase to the middle class, as tax brackets don't change with the decreasing value of the US dollar. A $100,000 salary in 2018 was equivalent to a $65,000 salary in 2000, meaning much more of one's 2018 income is pushed into the higher 25% bracket rather than the lower 15% bracket.
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Re:Technology Change Not the Culprit in Wages Falling Behind...
by novalis78 on Thursday February 22, 2018 @08:22AM
(#16437336)
Also coincides nicely with the demand on families to go from one partner working and able to sustain a family of 4-5 (lots more kids in the 50s/60s) to both parents having to work and smaller family size over the past 50 years.