Cognitive Dissonance

"Democracy! Bah! When I hear that I reach for my feather boa!" - Allen Ginsberg

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This is America, Now: The Dow Hits a Record High With Household Income at a Decade Low

From The Atlantic:

Stocks surpassed the nominal record set in 2007, while the last recorded real median US household income was 8% lower than its 2007 peak.

This is where we are, in picture form:

image

image

Please, explain to me why this is good for the majority of people. Go ahead. Try. I’ll wait.

[ETA]: A sharp-eyed reader noticed the alignment of the graphs is wonky. Here’s the alignment corrected as best as I can manage

Filed under inequality income Politics Economy Dow Jones median income income inequality class war

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    From The Atlantic: Stocks surpassed the nominal record set in 2007, while the last recorded real median US household...
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