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A comment on In Silicon Valley wages are down for everyone but the top 10 percent. Parent comment

Re:In Silicon Valley wages are down for everyone but the top... by Isamu on Monday December 03, 2018 @03:44PM (#18592773)
Yes, the middle income bracket is shrinking. The lower income bracket is growing. Even outside of SV wages have stagnated in the lower tiers (since 1974 in varying degrees.)

(edit) I should add this is by percentage. A recent study says the percentages have stabilized for now.

http://www.pewresearch.org/fact-tank/2018/09/06/the-american...

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Re:In Silicon Valley wages are down for everyone but the top... by throwaway76543 on Monday December 03, 2018 @04:38PM (#18593354)
The article you linked shows that more people moved to the upper bracket than the lower (5% vs 4%).

In relative terms the earnings growth was even more dramatic -- the upper class grew 27% larger whereas the lower class only grew by 14%.

There are more people moving up than down.

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Re:In Silicon Valley wages are down for everyone but the top... by Isamu on Monday December 03, 2018 @06:31PM (#18594283)
Absolutely. The news isn’t all bad, and I think most reporting has focused on the decline of the middle, instead of the growth of the bottom.
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