“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.
Entrepreneur, author, analyst. 
“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.