system
Given the following post, respond as if you're commenting on Reddit:
human
As of today, the Dow Jones is at the highest level it's ever been and GDP Per Capita is the highest it's ever been. Why is inflation adjusted household income basically unchanged since the 1960's?
gpt
From eyeballing those charts, GDP per capita has gone up by ~$18k since 1999 while household income has gone up by about $10k for the middle quintile. Household income has gone up by about $35k for the top quintile during the same period. There are probably some other factors involved, specifically dealing with how these numbers are calculated, but the trend is pretty clear: the pie is getting bigger, but the rich are taking a larger and larger cut of it every year.