The problem with every one of these graphs is that the focus is income and wages. We all know the wealthy do not become wealthy based on the wages they earn. The become wealthy based on interest payments and capital gains. Further, the GDP Deflator is a poor reflection of what the average American pays for the goods and services it consumes. Why did you choose to use the GDP Inflator rather than CPI?
“The link between productivity and worker pay is broken.” It isn’t." The author then proceeds in the next graphic to assert that it actually is, just (according his data massage) not as much as thought.
Such mendacious framing calls into question all the assertions which follows.
The problem with every one of these graphs is that the focus is income and wages. We all know the wealthy do not become wealthy based on the wages they earn. The become wealthy based on interest payments and capital gains. Further, the GDP Deflator is a poor reflection of what the average American pays for the goods and services it consumes. Why did you choose to use the GDP Inflator rather than CPI?
Let's have an honest discussion about this.
“The link between productivity and worker pay is broken.” It isn’t." The author then proceeds in the next graphic to assert that it actually is, just (according his data massage) not as much as thought.
Such mendacious framing calls into question all the assertions which follows.
Poorly done.