That's an argument I've heard a lot in the past, that we got inequality only when we ignore all the welfare payments. In fact, iirc the Heritage Foundation argued that if we consider hours/day worked, education, taxes, and welfare we find that income inequality is just about gone.
...six point overnight jump in real income at the beginning of ‘09?
That's a jump in average hourly wages, they're saying was caused by laying off everyone but management. The average wage went up because we dumped the low wagers. Over the next few years the low wagers came back and the average got stuck.
Huh, fired all the Indians and kept all the chiefs on, eh?
There are more unemployed Indians this week... +16,000
Jobless Claims Jumped Last Week
http://www.foxbusiness.com/economy-policy/2015/11/05/weekly-jobless-claims-rosefell-by-x000/?intcmp=bigtopmarketfeatures
I don’t buy the argument that six point jump was due to dumping low-cost employees and keeping the expensive managers. I’ve been through LOTS of layoffs at companies in my career and the most expensive people are always given the heave-ho first.
With such a huge population (statistics sense), it’s almost impossible to move an average that amount at once. Much more plausible is govt cooking the books. Obama has done that a lot—just look at the inflation numbers.