this post was submitted on 07 Apr 2024
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The figure referenced in this tweet is likely referring to the 2021 net compensation chart we saw making the rounds a few weeks back. Indeed, it's correct, ~50% of all Americans made less than 35k per year in net total compensation in 2021.
In 2022, that figure rose to ~40k. So the trend is going in the right direction, at least. And IIRC, the chart does include teenagers, college students, people working part time or underemployed, etc.
35->40 is roughly what inflation would give you from 2021 to now.
35->38 is roughly what inflation would give you from 2021 to 2022. And that's when the 40k figure came from. So, the implication is still fairly positive.