Remix.run Logo
SrslyJosh 3 hours ago

> The middle class have financially benefited very little from the past 20+ years of productivity gains.

More like the last 50 years.

https://www.pewresearch.org/short-reads/2018/08/07/for-most-...

"For most U.S. workers, real wages have barely budged in decades"

The TL;DR is that in 1964 the average hourly wage was $20.27. As of 2018, average hourly wage was $22.65.

zeroonetwothree 2 hours ago | parent [-]

1974 median individual income was $28k 2024 median individual income was $45k

Over 50 years that’s a decent amount of growth. Obviously it could be better but it’s not nothing.

Source: https://fred.stlouisfed.org/series/MEPAINUSA672N