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A comment on Economic Termites Are Everywhere: stats hide the experience of being cheated. Parent comment

Re:Economic Termites Are Everywhere: stats hide the experien... by marginalia_nu on Sunday June 09, 2024 @11:47AM (#40625227)
I don't know if it's being done as a joke or what, but this is the exact sort of myopic focus on a single economic variable that is being criticized as failing to capture economic reality.
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Re:Economic Termites Are Everywhere: stats hide the experien... by johnnyanmac on Sunday June 09, 2024 @05:15PM (#40627686)
Yeah, we should be comparing spending power as a very slight upgrade to the metric of overall compensation.

And I'm not even sure what this graph is supposed to be showing. The biggest difference is when he 1st quartile stagnates while the 4th quartile loses 4-5%. 95% of $200,000 is still a lot more than even a 100% increase in salary for $40,000. my most generous, lazy interpretation of this chart shows a whopping $15% increase in wages for the first quartile.

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