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A comment on Do the Rich Capture All the Gains from Economic Growth?. Parent comment

Re:Do the Rich Capture All the Gains from Economic Growth? by alehul on Thursday October 25, 2018 @09:29PM (#18306066)
Wouldn't this be addressed by the fact that, as you said, we now have a new standard of multi-income households?

If everyone in America was in a single-income household, and then we all became, for instance, two-income households, wouldn't it make sense for individual incomes to drop by half?

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Re:Do the Rich Capture All the Gains from Economic Growth? by gowld on Thursday October 25, 2018 @10:18PM (#18306262)
Two-income households caused wages to drop due to labor oversupply.
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Re:Do the Rich Capture All the Gains from Economic Growth? by alehul on Friday October 26, 2018 @01:51PM (#18311423)
Yes, exactly, and that shouldn't be a factor in the argument that wages are decreasing because the rich are capturing all economic gains. Looking at household income can (very roughly) remove that from factoring into the data.
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Re:Do the Rich Capture All the Gains from Economic Growth? by thrmsforbfast on Thursday October 25, 2018 @09:33PM (#18306076)
Only if GDP remained constant. Inflation-adjusted GDP increase from ~5 trillion in the 70's to ~18 trillion today. Much larger than 2x, and not every household is dual-income.
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Re:Do the Rich Capture All the Gains from Economic Growth? by ryanwaggoner on Friday October 26, 2018 @07:40AM (#18308337)
Wouldn’t you want to adjust this for household growth too? Not saying it wouldn’t be larger than 2x, but population has grown and households I believe are growing even faster, so maybe it’s actually closer to 2x?
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