Re:If pay had kept pace with productivity gains, minimum wag...
by bleepblorp on Friday October 09, 2020 @02:07PM
(#24732655)
Along these lines, here's a graph from the Federal Reserve's data service which plots median household income in contrast to GDP per household over time.
Note the increasing spread between GDP/household and median income. That's the US's entire socioeconomic problem--from rising consumer debt levels, rising deaths of despair, and the rise of reactionary politics--shown in one chart. The median person is falling behind.
https://fred.stlouisfed.org/graph/?g=bOfK
Note the increasing spread between GDP/household and median income. That's the US's entire socioeconomic problem--from rising consumer debt levels, rising deaths of despair, and the rise of reactionary politics--shown in one chart. The median person is falling behind.