Are you arguing he should use average? Given that income of the top 1% has increased much faster than everyone else. I'm not sure that will work out in your favor.
Reagan's employed were making middle class living wage incomes.
Obama's employed are slightly above the poverty line.
Median household income in constant 2012 dollars is higher now than it was in the 80's (though it has decreased since the recession).
Ignore the CPI index discussion (that's an entire discussion that makes comparing data across large time gaps hard)...the plot shows median incomes were going up in the 80s and have been going down (now flat) under Obama. They go up because the jobs being created are those above the previous median, they go down because the jobs being created are below the median.
Reagan's employed were making middle class living wage incomes.
Obama's employed are slightly above the poverty line.
Don't forget labor participation rates while you gurgle on Reagan's ballzak.
You mean all the people who quit trying to find work and are no longer counted? So there's that.
Same methodology as when Reagan was president.
Except @HoustonHusky thinks the formula changed drastically, when really it didn't. There's been minor changes, but nothing that significantly impacts the number.
I seem to remember the methodology changing as recently as the October before Obama's re-election.
Reagan's employed were making middle class living wage incomes.
Obama's employed are slightly above the poverty line.
Don't forget labor participation rates while you gurgle on Reagan's ballzak.
You mean all the people who quit trying to find work and are no longer counted? So there's that.
Same methodology as when Reagan was president.
Except @HoustonHusky thinks the formula changed drastically, when really it didn't. There's been minor changes, but nothing that significantly impacts the number.
I seem to remember the methodology changing as recently as the October before Obama's re-election.
Comments
I illustrated very clearly how your 2012 median is higher. Kudos.
Here are mean household income figures in 2013 dollars:
Source: https://www.census.gov/hhes/www/income/data/historical/household/
You guys are lucky I don't feel like doing shit at work today.
Not sure what your point is but its a good graph.
Can we get back to side and under boobs please?