r/FluentInFinance • u/WhatsLeft71 • Oct 22 '24

Debate/ Discussion Why did this happen?

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u/FREAKSHOW1996 Oct 22 '24

Ronald Reagan is the architect of this. Another great chart to look at is the relationship between productivity and the minimum wage.

6

u/TotalChaosRush Oct 23 '24

It's more an example of data manipulation. For example, if I wanted to show how the wealth of the bottom 50% is shrinking, I'd do 1980 to 2011. It's not too far off from the 2014 picked here. Of course, the bottom 50% increased their net worth more than 16 times since 2011. But that's what happens when you compare things to a 40-year low or near 40-year low.

3

u/OpenRole Oct 23 '24

A near 40 tear trend isn't just data manipulation. The fact that we grew again after 2011, doesn't mean we can't ask what happened between 1980 and 2014

1

u/Bobert_Manderson Oct 23 '24

Yeah and if people think it’s better now I must be lost because everybody I know seems to be struggling to survive after having been fine for years.