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Ah, so a one-off anomaly. Over time it seems that median income is considerably underperforming. [1][2]

[1] https://www.rand.org/pubs/working_papers/WRA516-1.html [2] https://www.fastcompany.com/90550015/we-were-shocked-rand-st...

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Sure, we have seen "anomalous" years for median earners from time to time, but it's important to remember that over time real median income has still been increasing as a function of the business cycle — I.e. the first derivative has always been positive during bull economies (see: FRED historic data). Sometimes the second derivative is also positive, which isn't uncommon. In 2019, the second derivative was not only positive, it was very positive.

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