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Old 09-07-06, 06:21 AM   #1
lyeinyoureye
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Question about economics.

Where can I find the inflation-adjusted (consistently I hope) average income of some percentage of the US population over the last half century? Like the average inflation-adjusted income of the poorest 80%?
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Old 09-07-06, 06:46 AM   #2
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It will probably be found under the "There are lies, There are damned lies and then there are statistics."
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Old 09-07-06, 07:05 AM   #3
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Try looking up census records.
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Old 09-07-06, 07:39 AM   #4
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Try this website: www.rfe.org (resources for economists) The book 'Economics' by Samuelson ans Nordhaus comes with a graph with the evolution of income in the US but only for minimum wage workers. For average income, try another source, maybe the US Central bank data.

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Old 09-07-06, 07:47 AM   #5
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Awesome, found what I wanted in black and white, thanks USAZorro & Ricardo! Evidently, the average income in the US has increased fairly linearly over the past few decades, but the average income for the full time yearly worker has pretty much stayed the same since the early 70's. God bless capitalism!

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Old 09-08-06, 08:38 AM   #6
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Whoops, that was the mean. Anyway, the census lists the sum of our per capita income as ~7 trillion, but the gdp is ~11 trillion, any idea where the difference comes from?
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Old 09-08-06, 08:57 AM   #7
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net taxes? ... i'm just shooting off here... lol
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Old 09-08-06, 08:59 AM   #8
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What? They're taxing nets these days? The bastards.
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Old 09-08-06, 09:21 AM   #9
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Ah, yup, the US government's revenue was ~2 trillion, although there's still quite a bit unaccounted for. Would this represent the efficiency of our economy? I suppose we could all tear down and rebuild our houses to drive up the GDP w/o doing anything useful...
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Old 09-08-06, 09:33 AM   #10
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no need for that i suppose, the war on terror in itself is generating quite a bit of GDP output..
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Old 09-08-06, 10:19 AM   #11
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Who says it's not a great idea to send our military in to police a destabilized region? I mean, we've quadrupled the price of a barrel of oil, talk about a cash cow. Not to mention defense contractors w/o accountability...
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Old 09-08-06, 11:12 AM   #12
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yeah, Halliburton made out like a bandit along with all the oil companies. There's also about $2bil the GAO says is unaccounted for as well. Don't you just love capitalism? I'm gonna start an oil business!
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Old 09-08-06, 11:55 AM   #13
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There's also a substantial amount probably well into the billions that doesnt show up, the underground economy
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Old 09-08-06, 03:52 PM   #14
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The information is in the Economic Report to the President, it's published each year, and al tables and charts are on this website http://www.gpoaccess.gov/eop/download.html
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