The shrinking middle class: due to rising and stagnant incomes
Posted by Charles II on December 10, 2015
Pew has an important study on the declining middle class. I question its validity, because it shows a ca. 50% rise in median family income and I suspect this may be artifact (is the scaling to 3 person household the right way to do it? what is the contribution of two spouses working? Is this really a monetization of “women’s work”? etc.).
But let others dissect it. If you want to see a cool graphic showing the flattening of the Bell Curve, check <a href=”http://www.ft.com/intl/cms/s/0/98ce14ee-99a6-11e5-95c7-d47aa298f769.html”>the FT</a>.
[crossposted with edits from Eschaton]
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