-
Did they factor in that general feeling of 'this can't be right'?
@doctor-phibes said in 50%:
Did they factor in that general feeling of 'this can't be right'?
Isn't that just the British default position?
Please love yourself.
-
From the abstract:
We measure absolute mobility by comparing children’s household incomes at age 30 (adjusted for inflation using the Consumer Price Index) with their parents’ household incomes at age 30. We find that rates of absolute mobility have fallen from approximately 90% for children born in 1940 to 50% for children born in the 1980s. Absolute income mobility has fallen across the entire income distribution, with the largest declines for families in the middle class. These findings are unaffected by using alternative price indices to adjust for inflation, accounting for taxes and transfers, measuring income at later ages, and adjusting for changes in household size.
-
Its not immediately obvious what the household composition effect would be. People born in 1940 were far more likely to be married at 30 than someone born in 1980. But the wife probably stayed home so you might be looking at a lot of single income households either way.
Only non-witches get due process.
- Cotton Mather, Salem Massachusetts, 1692
-
@doctor-phibes said in 50%:
Did they factor in that general feeling of 'this can't be right'?
Isn't that just the British default position?
@aqua-letifer said in 50%:
@doctor-phibes said in 50%:
Did they factor in that general feeling of 'this can't be right'?
Isn't that just the British default position?
It's pretty much everybody's position when they see data that doesn't back up their world view.
Once again, Britain leads the world.
-
Its not immediately obvious what the household composition effect would be. People born in 1940 were far more likely to be married at 30 than someone born in 1980. But the wife probably stayed home so you might be looking at a lot of single income households either way.
Its not immediately obvious what the household composition effect would be. People born in 1940 were far more likely to be married at 30 than someone born in 1980. But the wife probably stayed home so you might be looking at a lot of single income households either way.
Additional time spent in higher education may also have a delaying effect on earnings by 30, too?
Also, hippies.
-
Check the numbers on Median Family Incomes…
50 years ago most homes were single income families…50 years before that EVERY home was.The more people in the labor pool, the lower the wages.
-
Of course, then you also have to factor in the drastic increase of single parent families….
-
Of course, then you also have to factor in the drastic increase of single parent families….
@lufins-dad said in 50%:
Of course, then you also have to factor in the drastic increase of single parent families….
Biden will fix that. His bill has married couples getting much less government goodies than a single mom making the same income...So, why marry?
The destruction of society continues.
️
