Quote:The median income wouldn't calculate no income and yes by definition low wages would drag it down. And that's my point if you look at both factors the lower participation is directly related to lower median income. Also note those are two independent charts from the department of labor.

Fair enough, was not aware they don't calculate no incomes... However adding jobs back in doesn't necessarily mean the wages themselves are higher. It could indicate the more high paying jobs are being offered in the market and therefore being taken. Instead of 40k/year jobs becoming 50k/year it could just mean more 40k/year jobs are now available. Not that that's a bad thing but it doesn't mean wages have improved.

 

In addition, I know even during those times when the charts show median income dropped, Walmarts and fast food joints etc. were fully staffed. I.E. the minimum wage jobs. So their low wages were still there dragging down the median and under your idea of de-regulation their wages would drop significantly and therefore drag the median down even more. 

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