Author Topic: Incomes Collapsing in the US  (Read 2393 times)

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Offline TimG

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Re: Incomes Collapsing in the US
« on: February 08, 2017, 01:54:10 pm »
More importantly, who just looks at the fact that literally half the US population is making less money and shrugs their shoulders? You miss the entire point if you think it's just a simple comparison between France and the United States and even if it were, you're ignoring the desperate situation that US health and education metrics have been in decline.
The data you linked to does not establish that incomes are dropping. It only claims that the *share* of income earned by the bottom half is dropping. There is a huge difference. For example, it the incomes of the bottom 50% have risen faster in the US than in France over the last 50 years, however, because France is so hostile towards the rich the share of the total income did not change in France. It is not clear to me that this means France is better for poor people. If anything, France's high youth unemployment rate and poor track record at integrating immigrants into the work force makes France a less attractive place to live than the US for anyone who don't have a guaranteed job in government or government protected industry.