Brilliant analysis of the US economic system.
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“average incomes have been stagnant since the mid seventies”
This statistic is misleading. It is only significant if the same people stay in the same income percentiles – which they don’t. The lower incomes get filled by new immigrants who then work there way up the ladder too.
Also, the prices going up comment is also context-free. In many ways that you can measure prices they are less. Also, apples-to-oranges comparisons are hard to normalize and present.
So, you say “brilliant”…I say flawed/skewed – not analysis but influence-making-directed political commentary.
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