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mytailorisrich
4 hours ago
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by
autoexec
4 hours ago
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> in real terms average hourly earnings peaked more than 45 years ago: The $4.03-an-hour rate recorded in January 1973 had the same purchasing power that $23.68 would today. (
https://www.pewresearch.org/short-reads/2018/08/07/for-most-...
)
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by
rfrey
33 minutes ago
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Now what about the change in the number of earners per household? Houses don't earn wages, people do.
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by
galaxyLogic
4 hours ago
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Ok, but, what about median household size? Shouldn't we calculate the "richness" based not on how much each household makes but how much each member of a household gets from it? My guess is that households are smaller these days, but don't know.
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mytailorisrich
4 hours ago
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Well if today's households are smaller that makes them even richer (more money split over fewer people).
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