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Politics : The Obama - Clinton Disaster -- Ignore unavailable to you. Want to Upgrade?


To: DuckTapeSunroof who wrote (73989)8/13/2012 6:43:56 PM
From: TimF  Respond to of 103300
 
Yes you said per family, but your point only properly applies per person. It makes no sense as "per family". You used the label "per family", but in doing so actually described per person.

You said
There was *NOT* significantly 'more income PER PERSON'... the term you are searching for is "per FAMILY".

But the fact is that there is more income per person.

Workers per family going up, doesn't only increase family income, it increases income per person.

To simplify things to make the point, imagine the whole US consisted of 4 member familes. They each had one worker. Each worker made $50k. The average income per person would be $12,500. Average income per family would be $50k.

Then 10 years later. Each family consists of two workers, one making $60k, and one making $40k. The average income per worker has stagnated at $50k, but average income per family (now $100k) and per person ($25k) have both doubled.

The reality is of course more complex than this simplified scenario, but in both the simple scenario, and in reality, income per person went up significantly. Income per person is not income per worker. Its Total income / total people.