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Average top 1%ile income 1.7M USD. 20% increase = 340K.

Average Bottom 50%ile wage = 46K USD. 5% increase = 2.3K Multiply by 50 = 115K

So the 20% increase in top 1%ile represents a 3X increase in total income when compared with bottom 50%ile.



I'm willing to believe this, but I want to be clear - you've marked an average bottom 50% wage and an average top 1% income. Is that top 1% wage income or all income?


How does it matter to inflation, whether it is wage income or otherwise?


The bottom 50% has plenty of non-wage income too.




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