Dave Brat on GETTR : The Free Market folks are saying that Real Median Household income is WAY up, and their graph looks like a rocket going straight up at...
The Free Market folks are saying that Real Median Household income is WAY up, and their graph looks like a rocket going straight up at fast rate, rate is actually about 2 % as explaned in the next several charts. Also, note the FED uses language of "stagnation" not massive technological growth. FED QUOTE “For example, median household income has stagnated for about two decades while per capita GDP has steadily increased. Let’s try to straighten out this puzzle.” https://fredblog.stlouisfed.org/2016/12/the-puzzle-of-real-median-household-income/?utm_source=series_page&utm_medium=related_content&utm_term=related_resources&utm_campaign=fredblog BRAT TABLE 1
The Free Market folks are saying that Real Median Household income is WAY up, and their graph looks like a rocket going straight up at fast rate, rate is actually about 2 % as explaned in the next several charts. Also, note the FED uses language of "stagnation" not massive technological growth. FED QUOTE “For example, median household income has stagnated for about two decades while per capita GDP has steadily increased. Let’s try to straighten out this puzzle.” https://fredblog.stlouisfed.org/2016/12/the-puzzle-of-real-median-household-income/?utm_source=series_page&utm_medium=related_content&utm_term=related_resources&utm_campaign=fredblog BRAT TABLE 1