Real income and CPI caught up in the 60s before trending back to the robber baron age
(Noting this uses averages, doesn’t account for labour force participation, uses taxpayer units instead of the entire population, the right hand side is log-scale, and is almost 25 years out of date)
What a cursed graph. The price index is on a log scale while income is on a linear scale. Also the average income is already adjusted for inflation, which is incredibly confusing.
Oh they weren’t talking about the covid pandemic, they’re talking about Spanish Flu
Real income and CPI caught up in the 60s before trending back to the robber baron age
(Noting this uses averages, doesn’t account for labour force participation, uses taxpayer units instead of the entire population, the right hand side is log-scale, and is almost 25 years out of date)
What a cursed graph. The price index is on a log scale while income is on a linear scale. Also the average income is already adjusted for inflation, which is incredibly confusing.