'Record median household income' is hiding a chilling fact

Bloomberg/Getty One more thing about the new Census Bureau’sIncome and Povertyreport for 2016, which found to the great excitement in the media that median household income, adjusted for inflation (via CPI), rose 3.2% in 2016 to $59,039 – finally a tad above where it had been 17 years ago. We already found buried in it that inflation-adjusted earnings from wages, salaries, etc. forfull-time employed men have fallen 4.4% since 1973. So now, we’ll look at another data set buried in the Censu...