Re:Shrinkflation Is Quietly Making All Gadgets Worse
by pclowes on Thursday May 07, 2026 @05:22PM
(#48055240)
I am not saying that there isn’t inequality. I am also not saying that infinite inequality is good.
I am saying it would be better to be poor now than poor in 1980 even though the inequality is higher now.
I am saying that inequality by itself is not an especially meaningful measure.
I am saying that recently, 2019 through 2024, low wage income has risen in the US faster than high wage income.
https://www.epi.org/publication/strong-wage-growth-for-low-w...
Since the 1980s, the United States has experienced a profound shift in wealth concentration toward the top of the economic ladder. The bottom half of American households controls just 2.5% of the nation's wealth.
That's 50% of the nation leveraging 2.5% of the purse-strings. That's not what I call "representation."
How can you tell such blatant falsehoods?
Edit: just because it's ridiculous the way some people pretend it's complicated or nuanced: