(12-10-2011, 06:29 PM)Lissa Wrote: But again, as Jester pointed out and what I've been saying, the wealth is being concentrated in the top tiers and the bottom is getting squeezed out and is worse off today than it was over 60 years ago.
To clarify my position: I believe low-end workers are better off today than 60 years ago, just that the improvements they have seen are tiny by comparison to the enormous gains made by the top income brackets.
Your calculations are incorrect, because what Kandrathe posted was real GDP/capita, not nominal, and therefore is already adjusted for inflation.
-Jester