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7/22/2025, 10:43:44 PM
>>213040154
Extremely false. This is inflation adjusted median household income since 1990.
Extremely false. This is inflation adjusted median household income since 1990.
7/15/2025, 6:46:32 AM
>>212779353
1. Median income has risen substantially since 1990. This graph is misleading.
2. We as consumers benefit from productivity increases. That's why food, and consumer electronics are so cheap for us. Framing productivity increase as a bad thing not a good way to look at the world. The problem is the industries that productivity has not increased substantially (construction, health care). Increase in productivity has made all our lives better.
3. This is not a refutation to my argument: You can confiscate all the wealth from every billionaire, and you wouldn't be able to run the federal government for a year with it, even if you could liquidate their assets at current market value.
1. Median income has risen substantially since 1990. This graph is misleading.
2. We as consumers benefit from productivity increases. That's why food, and consumer electronics are so cheap for us. Framing productivity increase as a bad thing not a good way to look at the world. The problem is the industries that productivity has not increased substantially (construction, health care). Increase in productivity has made all our lives better.
3. This is not a refutation to my argument: You can confiscate all the wealth from every billionaire, and you wouldn't be able to run the federal government for a year with it, even if you could liquidate their assets at current market value.
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