EdwardBaiamonte
Platinum Member
- Nov 23, 2011
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Ok rabbi , there is not a complete stagnation, but a 6% real growth in 30 years is a really, really slow growth.There is no stagnation. You are measuring unlike things.
Plus, this is the median income. If we break it down by income we get a clearer picture:
Negative growth if you are in the bottom 60% .
Slight growth if you are in the 60-80% range.
Significant growth above that.
Neoconica - America For The New Millennium Zero Hedge
Steve jobs is top 1%. He saw great income growth because he and others like him mastered the new much much larger and more profitable global economy. And thank God too since he and others like him keep the lower classes here employed. If liberals had not attacked the lower classes so much they too probably would have thrived in the new global economy.