According to BLS, mean hourly wages have been increasing by a cumulative 2.2% per year over the past 8 years.
Over the past year, it’s 2.4%. Awesome.
(Go [here](proc tabulate data=ng18 format=4.0 missing; class stabrv ro intdate sampst; table rostabrvsampst all, intdate all; run;), and click on #3. I used the October column since it’s the most recent month that we’ve got data for.)
Because who can’t scrape up $125,000 for a down payment? :rolleyes:
Already addressed by my citation. Try reading it.
Most people, I’m not the one who called it a “cheap housing market.”
There was no citation in the post I responded to. Hard to read that which doesn’t exist.
Not in my neighborhood. The prefab houses go for $800K, and who has 20% of that much.
But I do appreciate that $500K is a lot in most markets. My daughter lives in Indiana where houses are relatively speaking, dirt cheap.
Your link seems to be to your Google search. Here is one which might work better.
It does not look like the charts are inflation adjusted, but it is not clear.
My understanding is that the Left thinks that the economy grows by giving money to the poor and middle class who have a higher marginal propensity to consume. This keeps the money moving and increases demand for goods and services allowing businesses to prosper.
The problem with this is that it is demonstrably false. Countries that have more income inequality grow faster than countries with less and countries with more income inequality have less unemployment than countries with less income inequality.
See my previous response to you that you have chosen not to address. Therein you may also find examples of links that actually link to something.
Not in my neighborhood either, which is why I didn’t say anything about neighborhoods.