Its interesting, I thought it was pretty well established that COVID era stimulus helped lower earners make real gains, even adjusted for inflation, while higher earners who did not get stimulus checks lost ground?

From page 36 of the paper: All deciles during this earlier period experienced annual real wage growth, with the growth being the largest for the bottom two deciles of the wage distribution.

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LPisGood an hour ago | parent [-]

I’m pretty confused where you’re coming from. Stimulus checks were a one or two time payment of a couple thousand dollars, but stocks and corporate profits went absolutely parabolic.

The share of wealth owned by the richest people went up far more than the bottom 90 (or even 99) percent. The data absolutely supports this perspective as well: https://www.federalreserve.gov/releases/z1/dataviz/dfa/distr...

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dan-robertson 40 minutes ago | parent [-]

The stimulus was not just the checks, it was also pretty generous unemployment, and the discussion was about incomes of workers, not wealth.

	▲	LPisGood 15 minutes ago \| parent \| next [-]
		Unemployment almost by definition means they’re not getting as much money as they were before. We can focus strictly on wages, but for higher earners, it doesn’t tell the entire story, especially if we’re focusing on my new detail details like a couple thousand dollars per person.
	▲	reilly3000 32 minutes ago \| parent \| prev [-]
		Don’t forget about the PPP loans.