Payroll employment increases by 228,000 in November; unemployment rate unchanged at 4.1%

[progree]

36. When has there ever been?

Last edited Sun Dec 10, 2017, 07:16 PM - Edit history (4)

the reality is that there are not nearly enough good paying jobs for the number of people who need them.

You would have to go back to the 1970s and before to find better inflation-adjusted numbers -- and that was mostly for white males. It was not a great economy for single women or people of color.

Also, see #35 for the average wage of production and non-supervisory workers.

If you have some statistics from reputable sources (not Zerohedge etc.) that back up what you are saying -- whatever it is -- please provide.

Here's median household income (since you don't like averages). Although that statistic is problematic too considering that household sizes have been shrinking and there are more over-65 retired people than there were in 2000. Yes, median household income has been stagnant on an inflation-adjusted basis. And unfortunately the farthest it goes back is 2000. And as always, median statistics entirely leaves out half of the population -- the population over the 50 percentile.
http://advisorperspectives.com/dshort/updates/Median-Household-Income-Update.php
https://www.advisorperspectives.com/dshort/updates/2017/06/22/may-real-median-household-income-little-changed-from-april-last-report


On Edit - here is a link to the Census Bureau's median real household income (i.e. inflation-adjusted)
It begins in 1984 and goes through 2016 (its an annual thing)

https://fred.stlouisfed.org/series/MEHOINUSA672N

1984: $49,355, 1999 (peak year until 2016): 58,655, 2012: (local bottom): 53,331, 2016: 59,039

Though 1984 wasn't a great year -- it was shortly after the 1980-1983 double-dip recession. So the above is starting from a low base year.

As the graph clearly demonstrates
?g=gyBg

Ha ha. I wish I knew how to embed a FRED graph in DU, sigh (I'm seeing a wonderful FRED border surrounding an entirely empty white area).