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You' re willing to volunteer to raise other people's taxes to pay out more to keep people dependent on the government.
Just so we're clear here.
Yup.
And you guys created that dependency for us. You were in such a hurry to dismantle the Middle class you created the government dependency you hate.
Good job.
Proving that leftists are not able to do math.
Do tell... how exactly have we dismantled the middle class? Is it even possible, using 'math' to eliminate the middle class? Think for yourself for once, before making statements that prove your stupidity.
Now perhaps you'd like to argue WHY those numbers rose and fell when they did, but there is no arguing that they HAVE rose and fallen, mostly fallen.
Isn't it interesting however that the highest high was when a Rep was in the WH and the lowest low was when a Dem was in the WH.
I would argue these numbers are largely meaningless. What these numbers don't account for, is unemployed.
No one who lived through the 70s and the 90s, is going to argue that the 70s were superior to the 90s. Has nothing to do with who is president.
If you included all the unemployed, factoring into the average, those zero wages, most of that graph, not all, but most would completely flip.
Then you have inflation, and while the CPI is a better index than nothing, it certainly isn't a perfect measurement.
But between 1971 and 1973, the unemployment rate doubled. And unsurprisingly, the average wage went up.
Who is most likely to be laid off? The lowest income workers. The people with the least experience, and least time on the job. So during any economic slow down, whether it is a recession or not, the people most likely to be laid off, are the lowest income people.
Just like when I worked at Wendy's and the minimum wage went up, they laid off 3 employees. Which employees? The three lowest paid part time people. Without question the average hourly wage at the store would have gone up drastically, for no other reason, than the lowest 3 wages were cut out. If you had counted them, with their new wage of zero, the average wage would have gone down.
So Reagan comes into office, and there is a huge recession, with unemployment spiking up to 11%. Notice in 1980 to 1982-3, the average wage is... ticking up slightly.
Then 1983 rolls around, and the Reagan tax cuts are in place, the recession is over, and the economy start moving faster. What happens? Unemployment drops to less than half, from 11% to 5% in 5 years, and what does the average wage do? It drops.
People who were earning ZERO, are now earning a wage. But you don't hire people off the street, for $100,000 a year. They start out at the bottom, like all of us. Thus the vast majority of the millions of people moving into the work force, are all starting out at the lowest pay, thus dropping the average wage.
So my view.... those numbers don't mean a whole lot.