Real income has barely increased since 1980, as in 10% or less.
Real median household income is up over 36% since 1984 (the furthest back the linked chart goes: 1984 was in the middle of an economic expansion, so you’d expect a comparison with four years earlier to look even better).
And CPI has just as many potential substitution issues the other way: Hedonic adjustments are made, but it’s effectively impossible to quantify the value of decades worth of novel and improved goods that simply didn’t exist decades earlier.
HN in particular and tech in general is a bubble. It insulates you to a large degree from the median experience.
I linked decades of numbers about the median household, which you then numerically misrepresented. Bubble, pop thyself.
Real median household income is up over 36% since 1984 (the furthest back the linked chart goes: 1984 was in the middle of an economic expansion, so you’d expect a comparison with four years earlier to look even better).
And CPI has just as many potential substitution issues the other way: Hedonic adjustments are made, but it’s effectively impossible to quantify the value of decades worth of novel and improved goods that simply didn’t exist decades earlier.
HN in particular and tech in general is a bubble. It insulates you to a large degree from the median experience.
I linked decades of numbers about the median household, which you then numerically misrepresented. Bubble, pop thyself.