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| Tough to hide all the data. This is an example. Note: U-6 inverted right scale. |
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!"
3 comments:
Fewe jobs and more competition for them. Not a good
time to be a corporate serf.
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!"
That's right! Bound to go up and/or down from here over the long-term based on all that volatility! Sigh.
So we've got that goin' for us, which is nice.
Too many noses. Not enough grindstones.
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