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Comment by chris_mc | Hacker News Reader

>under Obama the middle class gained significant wealth

https://www.huffpost.com/entry/middle-class-charts_n_6507506

Check out these charts and tell me you're not full of shit.

Edit: it took me 30 seconds of googling to find this, next time research your position before you make a fool of yourself.

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Your article is dated 2015. You're ignoring a decent amount of historical growth. Here's a pretty decent chart to let you know how good your news sources are

https://www.adfontesmedia.com/the-chart-version-3-0-what-exa...

Here's historical wage growth reports from BLS. https://www.bls.gov/opub/ted/earnings-and-wages.htm

Here's 75 consecutive months of growth under Obama, a record: https://www.theatlantic.com/business/archive/2017/01/decembe...

Here's wage growth charts https://tradingeconomics.com/united-states/wage-growth

Here's median householdincome from FRED https://fred.stlouisfed.org/series/MEHOINUSA672N

Here's income data from Census, which you can download in Excel and analyze yourself. Again same conclusions. https://www.census.gov/data/tables/time-series/demo/income-p...

As you can see, all of these paint a much rosier picture than HuffPo. And places like BLS and FRED and Census are vastly more trustworthy for data, since you remove opinion piece writers trying to get eyeballs.

>Edit: it took me 30 seconds of googling to find this, next time research your position before you make a fool of yourself.

Indeed.

You just sprayed links all over, expecting me to fish through that data? From what I can tell, your data shows mediocre growth that has barely kept pace with inflation. Half the links you show are for "median" values, which will always increase in an economy that is growing (as it did under the Obama years). It's fact that the middle class as stagnated as the ultra-wealth have gained immensely over the past decades, no amount of FUD will make your argument factual. I'm not arguing any further with someone who argues in bad faith.

>Half the links you show are for "median" values, which will always increase in an economy that is growing (as it did under the Obama years). It's fact that the middle class as stagnated as the ultra-wealth have gained immensely over the past decades,

You're confusing median with mean. Median is the middlemost income, which represents the middle class well. Mean is the average including tops and bottoms.

>I'm not arguing any further with someone who argues in bad faith.

You presented worse sourced, out of date data, misuse or don't understand basic terms, and don't look at evidence from well respected sources when presented. How am I the one not arguing in good faith?

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