Re: How Are People Getting By?
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1. The rise in median income, if that means the "middle" income of all incomes sampled, could be exclusively attributed to the higher number of rich incomes conentrated among the very few. The fact remains that the lowest half or 2/3's of American society hasn't seen any improvement in real household dollars/hour for the better part of two generations, there are more poor, and the middle class is shrinking as a result of losing income.
2. The causes of this seems pretty clear: globalization, a decline in skilled manufacturing jobs, higher education costs, and the determination by political leaders to shift income and productivity gains to their wealthier supporters while shifting the tax burden to the lower classes. These goals are the GOP's raison d'etre.
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You are mistaking median with mean. The mean income of 1985 North Carolina Geography majors is $1M. The median is much lower. Any guesses why?
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