The toil index plots the monthly number of hours the median earner must work to achieve that goal. When incomes were growing at the same rate for everyone during the post-World War II decades, the toil index was almost completely stable. But income inequality began rising sharply after 1970, and since then the toil index has been rising in tandem. It’s now approximately 100 hours a month, up from only 42 hours in 1970.
Why have weddings and houses gotten so ridiculously expensive? Blame inequality. - Vox

Source: vox.com

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