re: Interesting Chart on Income Adjusted for Inflation since 70's

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What is hilarious is they they explain the cause in the paper, but it turns into a R vs D mess in here.

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"Among households headed by high school dropouts, incomes grew roughly in lockstep — and were basically stagnant at all levels. Among households headed by high school graduates, and in those headed by college graduates, those in the middle actually saw their wages fall. The only group that saw significant gains was households headed by high-earning college grads.

Labor economists call this "the hollowing out of the middle." Globalization and technological change have made middle-skill, middle-income jobs harder to find. Low-skill, low-paying jobs have stuck around. And there are high-paying jobs for those at the top with the skills to put technology to profitable use."