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In reply to the discussion: Median incomes are not growing as fast as they should be. This is true. And it is a serious problem. [View all]DanTex
(20,709 posts)57. As cthulu pointed out, it would likely have indirect impact on wages beyond just
people currently owning the minimum wage.
But more to the point, the median wage is basically a proxy for the larger problem of wage stagnation outside the top few percentages of the income distribution. Which means that, even if we discount these indirect effects, the minimum wage increase would help address this more general problem.
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Median incomes are not growing as fast as they should be. This is true. And it is a serious problem. [View all]
DanTex
Apr 2014
OP
In the face of these wage declines, why is the primary concern what people think of Obama?
cthulu2016
Apr 2014
#1
Why do you say that when ProSense provided a chart with both real and nominal figures?
stevenleser
Apr 2014
#21
Prosense is referring to a trend in the last month/year, which is small in comparison to what is
DireStrike
Apr 2014
#53
Nonsense. The trend has been upward for the last three years. The chart shows that. n/t
ProSense
Apr 2014
#56
Yes, if you squint really hard you can see a very minor increase in real wages
DireStrike
Apr 2014
#58
"...I expected dismissal, and your comment flies in the face of the reality."
NCTraveler
Apr 2014
#13
Prosense, you have not come close to making the case that this is fundamental and structural change.
NCTraveler
Apr 2014
#22
"it seems more like vague generalities rather than specific policy objections"
NCTraveler
Apr 2014
#38
Raising the minimum wage won't have any effect on the median income, will it?
Donald Ian Rankin
Apr 2014
#15
Not really. Increasing the minimum wage improves the safety net, but doesn't help most of us.
reformist2
Apr 2014
#19
Good point. But I don't think 50% of workers are making $10 or less. Maybe 25-30% of workers.
reformist2
Apr 2014
#25
Yes, the pressure from the artificial floor should decrease somewhat as you go up, but
cthulu2016
Apr 2014
#31
As cthulu pointed out, it would likely have indirect impact on wages beyond just
DanTex
Apr 2014
#57
Proud to be the first to rec this. Obama has fought HARD for the minimum wage
Cali_Democrat
Apr 2014
#16