Archive for the ‘Earnings, income’ Category

Hourly earnings up, but household income down … say, what?

March 29, 2016

Great analysis by Prof. Mark Perry (AEI Scholar) … entire analysis is worth reading … here’s the essence of the argument.

========

Question: It’s oft-reported that household income has been falling … but, digging into the data, hourly earnings have been increasing.

How can that be?

image

=======

According to Prof. Perry’s analysis, the answer lies in “mix” – the composition of households ….

(more…)