Archive for the ‘Perry, Prof. Mark’ Category

Is the middle class vanishing up or down?

August 12, 2019

Analyzing Census Bureau data, economist Mark Perry concludes:

The “middle-class is disappearing” as we hear all the time, but it’s because middle-income households in the US are gradually moving up to higher-income groups, and not down into lower-income groups.

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That conclusion is way different than we’ve been hearing from Dem Presidential candidates … and the mainstream media.

So, let’s dig a little deeper…

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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.

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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?

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

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