|Tough to hide all the data. This is an example. Note: U-6 inverted right scale.|
Wednesday, December 11, 2013
Regular reader (face it plural is pushing it) will notice right away that for the super-majority the way to earn more is to work more. That's the wonder of median as opposed to average. That and of course the increasingly dishonest use of U-3 instead of U-6 for gauging employment conditions.
As Stagflationary Mark quipped when I showed him this graph earlier, "As for your chart, real median household income can't stay at 1995 levels forever!"