>>84773029
This just seems like the old wine of "rich getting richer poor getting poorer" in a new bottle
When in fact if you track the same people over time it is the rich people getting poorer, and poor people getting richer

>>84773068
>the rich people getting poorer
What fantasy world are you from? Also, housing, having a child, and healthcare have never been more unaffordable for the average person. Do you actually think CPI is a valid measurement? TVs are getting better without exploding in price, so that makes up for the fact that you'll never own a home?

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>>84773068
>poor people getting richer
?
No, I'm certain they are literally dying off as we speak.

>>84773029
>K-shaped
Hookers seem to all be charging that these days. K-shaped would imply there are also some bottom of the barrel crackheads with gonorrhea and genital warts who will suck you off for a 20. Those don't seem to exist anymore. Hookers are a luxury commodity now. If you want to have sex, just stop being poor, incel.

>>84773127
Just don't do drugs retard

>>84773135
Most prostitutes aren't professional high-end escorts. If it was that easy, then more women would do it and the price would lower.

You know they're doing some sicko shit for $6k/hour

>>84773068
>>84773162
Status quo shills in the big '26 are hilarious. How in the most inflated asset markets are the rich not getting richer?

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>>84773119
https://www.investors.com/politics/columnists/thomas-sowell-using-statistics-to-lie-about-inequality/
Thomas Sowell has written many essays about how people lie about inequality and play games with the numbers
https://www.aei.org/economics/tracking-the-same-households-over-time-shows-significant-income-mobility/

1. Looking across the first row of data in the table from left to right, we can see that for those U.S. households that were in the lowest earnings quintile (bottom 20 percent) in 2001, only 56 percent of those household remained in that same income quintile six years later in 2007, and almost half-44 percent-had moved up to one of the four higher income quintiles by 2007. Five percent of the lowest-income households in 2001 had moved up to one of the top two quintiles by 2007.

2. Looking across the fifth row of data from right to left reveals that of those households in the highest earnings quintile (top 20 percent) in 2001, only 66 percent remained there six years later and 34 percent had moved down to one of the four lower income quintile by 2007. Five percent of those highest-income households had moved all the way to the bottom income quintile in only six years.

3. For those households in the middle-income quintile in 2001, 42 percent remained in the same quintile in 20007, about one-third (32 percent) moved to a higher-income quintile, and slightly more than one-fourth (27 percent) moved to a lower-income quintile.

4. The bottom row in the chart shows that for households in the second, middle, and fourth income quintiles in 2001, more than half of each group moved to a different earnings quintile by 2007 (61 percent, 58 percent, and 55 percent, respectively).

>>84773250
>social mobility existed 2 decades ago, therefore status quo good
Oh wow I love the American Enterprise Institute

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>>84773218
>Most prostitutes aren't professional high-end escorts. If it was that easy, then more women would do it and the price would lower.

High End escorts are literally models. Although this one is only 4'9

>>84773127
https://www.nationalreview.com/2007/11/income-confusion-thomas-sowell/
Income-tax data recently released by the Internal Revenue Service seem to show the exact opposite: People in the bottom fifth of income-tax filers in 1996 had their incomes increase by 91% by 2005.

The top 1% - "the rich" who are supposed to be monopolizing the money, according to the left - saw their incomes decline by a whopping 26%.

Meanwhile, the average taxpayers' real income increased by 24% between 1996 and 2005.

How can all this be? How can official statistics from different agencies of the same government - the Census Bureau and the IRS - lead to such radically different conclusions?

There are wild cards in such data that need to be kept in mind when you hear income statistics thrown around - especially when they are thrown around by people who are trying to prove something for political purposes.

One of these wild cards is that most Americans do not stay in the same income brackets throughout their lives. Millions of people move from one bracket to another in just a few years.

What that means statistically is that comparing the top income bracket with the bottom income bracket over a period of years tells you nothing about what is happening to the actual flesh-and-blood human beings who are moving between brackets during those years.

That is why the IRS data, which are for people 25 years old and older, and which follow the same individuals over time, find those in the bottom 20% of income-tax filers almost doubling their income in a decade. That is why they are no longer in the same bracket.

That is also why the share of income going to the bottom 20% bracket can be going down, as the Census Bureau data show, while the income going to the people who began the decade in that bracket is going up by large amounts
Following trends among income brackets over the years creates the illusion of following people over time. But the only way to follow people is to follow people

>>84773267
Why the fuck are you talking about data from 2 decades ago? The rich overwhelmingly have their wealth in assets which have grown at unprecedented levels since COVID.

>>84773301
this.
>conveniently picks out data from before the 2008 recession
>conveniently picks out data from before covid

>>84773301
Because Thomas Sowell wrote these essays 2 decades ago, and he is 95 years old now so he's not writing as many essays as he used to. His essays explain what is happening in a matter of fact way I don't see younger authors able to capture.
https://www.census.gov/library/stories/2024/05/movs.html
The US Census has more recent data, starting in 2005, ending in 2019.
If you were in the top 1% in 2005, your income was down by 2019. If you were in the bottom fifth of income tax files in 2005, your income was up by 2019, and the middle class had their incomes rise.

>>84773029
why would anyone pay to have sex with her

>>84773068
Imagine standing in the middle of a hurricane while some guy is safely inside a mansion. Imagine that guy insists youre the dry one and things are getting for you.
I dont know how some people get this fucking stupid

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>>84773403
When did poor people start getting poorer by your understanding?

>>84773380
Income is misleading since the high-income earners only fit basically surgeons, dentists, and certain types of engineers and the rest rich people are paid largely in non-cash benefits like stock, but also the top 1% in 2022 made 663k/yr and in 2010 made 369k/yr. 369k in 2010 has the same buying power as 480k in 2022.
>>84773437
That chart is basically saying China has largely left the subsistence farming economy. Making more than $1.90 a day is not what counts as breaking out of poverty in the US.

>>84773250
Social mobility is down significantly for Millennials and it's even worse for Gen Z. Zoomers overwhelmingly rely on the bank of mom and dad.

>>84773455
>the top 1% in 2022 made 663k/yr and in 2010 made 369k/yr.
What does this mean?
What percentage of 1% income earners in 2010 were still in the top 1% in 2022?
Crank That by Soulja Boy was popular in 2010, Soulja Boy was in the top 1% of income earners in that year. Do you think he was still in the top 1% 12 years later?
In the discussions on income inequality and wage stagnation, we frequently hear about the "top 1%" or the "top 10%" or the "bottom 99%" and the public has started to believe that those groups operate like closed private clubs that contain the exact same people or households every year. But the empirical evidence displayed above tells a much different story of dynamic change in the labor market-people and households move up and down the earnings quintiles throughout their careers and lives. Many of today's low-income households will rise to become tomorrow's high-income households, and some will even eventually be in the "top 10% or "top 1%." And many of today's "top 1%" or top income quintile members are tomorrow's middle or lower class households, reflecting the significant upward and downward mobility in the dynamic U.S labor market

>>84773437
It doesnt take a genius to figure out that the people still making $16/hr are getting poorer as gas and groceries keep getting more expensive
Are you an actual retard or something?

>>84773545
Well it depends on what they were making before.
If they were making $10 an hour before and are making 60% more now but prices are up 30%, yes they are better off.

>>84773532
The top 1% are obviously getting richer. Nobody ever said they were guaranteed to stay at that income forever. At that level of income you can retire in a couple years and some of these jobs have short time-spans, like high-end artists and sports professionals. They're not losing those incomes because they're oppressed or the system doesn't favor them in every possible way it could.
>Many of today's low-income households will rise to become tomorrow's high-income households
True, but far less than ever before because social mobility has been dying for decades.

>>84773564
Doesnt work that way, dipshit. The only way people have increased their wages since Covid is by getting lucky and finding new jobs.
If shit is getting more expensive and my paycheck is getting bigger to go along with it, then yes, I am getting poorer. Getting paid the same and not being able to afford as much is antithetical to how an economy is supposed to work

>>84773598
>If shit is getting more expensive and my paycheck is getting bigger to go along with it, then yes, I am getting poorer.
>Getting paid the same and not being able to afford as much is antithetical to how an economy is supposed to work
Why is why they said 60% income increase relative to the 30% inflation.

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>>84773598
I remember the Fight for Fifteen campaign. It seems like many places raised the minimum wage to $15-16 per hour.
If the minimum wage in New York in 2016 was $10.50 per hour, and in 2026 is $16.00 an hour, didn't everyone making minimum wage have their salaries go up by a third? With or without switching jobs.

>>84773615
Calling it 30% inflation is dishonest and misleading when eggs used to be $2/dozen and gas is almost double what it was when Trump took office

>>84773647
>different elements of the economy move asymmetrically
woag weally ?

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>>84773647
>>84773671
The recent inflation is a hot potato.
Democrats blame it on Trump
Republicans blame it on Biden
Success has many parents, failure is an orphan

>>84773685
its retarded to blame it on the executive branch either way. Congress is the real jew to look out for.

>>84773685
But real-incomes raised significantly under Biden, oh god I miss him so much

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>>84773725
I heard all the new jobs he made were for non-whites

>>84773029
was pretty obvious the value of the real thing would skyrocket

Even more now that is obvious sota models hit a plateau when it comes to this stuff

>>84773029
Ew it's a subsucculent person