You can make a fair argument that the bottom 50% haven’t gotten their share of productivity growth, but that doesn’t explain why social indicators among the bottom quantile have gotten so much worse.
You can make a fair argument that the bottom 50% haven’t gotten their share of productivity growth, but that doesn’t explain why social indicators among the bottom quantile have gotten so much worse.
It's grown for every group used in that breakout, but while it breaks out the upper income groups on relatively fine categories, it groups the bottom half as one category.
(It's useful for the graph's original purpose of discussing top-weighted inequality, it's not useful for the argument you are trying to make with it.)
And education, housing, and health costs has sky-rocketed, number of "essential services" to pay for (mobile phone, internet, severan "rentier" subscriptions) has increased, while job stability and availability for working and middle class has plummeted...
But yes, the top 10%, the types to usually post at HN, never had it better.
I agree the top 10% have poor insight into what life is like for everyone else, but that cuts both ways. I think there’s a real misperception of what income is necessary to maintain a similar quality of life to the past.
Because Germany doesn't treat non-college graduates working class people as "losers".
Germany also has a quite solid social protection, not a cut throat environment where tons of people are a medical bill away from homeless.
Neither does the United States? Not sure where you're getting this idea from. Most people I know revere trades as they're a known way to make great money without a degree. And, anecdotally speaking, I've managed to get great jobs as a software engineer without a degree. We treat non-college graduates who don't try to ascend above retail or fast-food as losers - and for good reason.
What?! The labor market has been so strong over the past decade that economists started to wonder if previous paradigms no longer apply (i.e. Phillips curve).