It is now about $57,000 per person, and with just 2% inflation per year (1980s had around 10% per year on average).
Some possible ways that this presentation might fall short of making your case:
Average income does not actually tell us how the bulk of folks are doing. How about some other measures of central tendency such as the median, or a number for what the middle class income averages. We know that globalization has produces increases in wealth. What is questioned is who and how many folks have benefited.
Your inflation numbers as cited don't provide us with any meaningful way to compare current income to 1990s income, because you only provide current inflation while comparing todays income to income from over twenty years prior.
The immigrants have the highest incomes. Look at the average Indian American income.
I have no idea what this is supposed to prove.
Under a government which imprisons any unjustly, the true place for a just man is also in prison. Thoreau: Civil Disobedience (1846)
History will have to record that the greatest tragedy of this period of social transition was not the strident clamor of the bad people, but the appalling silence of the good people. Martin Luther King
If there are no stupid questions, then what kind of questions do stupid people ask? Do they get smart just in time to ask questions? Scott Adams
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