[LowCountryJoe]

What this information (or opinion) points out - an I'm sure that you guys understood this - is that if wages are keeping pace or even eclipsing previous wage levels when adjusted for the CPI inflation (when in fact the CPI actually overstates true purchasing power because of factors discussed), then we are even that much better off than what the data on the charts indicated.

The bottom line is this: so what if we've had a three year dip in median income (especially given the circumstances), even this data - taken back to '67 - is skewed so that the adjustment for inflation isn't entirely accurate and expresses the wage levels too conservatively!

[Toddsterpatriot]

(when in fact the CPI actually overstates true purchasing power because of factors discussed), then we are even that much better off than what the data on the charts indicated.

CPI has always overstated inflation due to quality improvement.

Especially when it comes to IT.