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by rgbrenner
2683 days ago
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note the reason for using household income: it includes those who were previously unemployed. It's a way of blurring the line between the average person's earnings and unemployment. Of course if we want to know the unemployment rate, there are separate stats that clearly show that. The only reason to include it here is to make wage growth look better than it would otherwise. Removing those who found a job, we get back to the lower 1% number. And a big part of that is people just working longer hours. |
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