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by thereddaikon 972 days ago
>average income has gone up

To that I would say there is likely a problem with average. I didn't see a break down of the data in your link, but admittedly its my lunch break and I didn't have the time to really dig for it either. But its entirely possible that some groups saw an outsized growth in wages while others didn't.

>The MSRP for a 2023 Mustang GT is $38,345

The MSRP of a Mustang GT is $42k before options https://shop.ford.com/configure/mustang/model/customize/ecob... The GT Premium is $47k
1 comments
db-interface 972 days ago
Apples to apples here -- the 2020 GT Premium was $43,315. So we're still not looking at nearly the same size of increase.

You think the average income is being computed incorrectly? Or that there is just a lot of variance so many people are worse off? It is true that wage increases have been uneven, but they are actually much larger at the low end -- this is why you see the most inflation in low-wage service-heavy categories like restaurants.

link