On: In Silicon Valley wages are down for everyone but ...

[Isamu]

Yes, the middle income bracket is shrinking. The lower income bracket is growing. Even outside of SV wages have stagnated in the lower tiers (since 1974 in varying degrees.)

(edit) I should add this is by percentage. A recent study says the percentages have stabilized for now.

http://www.pewresearch.org/fact-tank/2018/09/06/the-american...

[throwaway76543 → Isamu]

The article you linked shows that more people moved to the upper bracket than the lower (5% vs 4%).

In relative terms the earnings growth was even more dramatic -- the upper class grew 27% larger whereas the lower class only grew by 14%.

There are more people moving up than down.

[Isamu → throwaway76543]

Absolutely. The news isn’t all bad, and I think most reporting has focused on the decline of the middle, instead of the growth of the bottom.