Was just thinking the same, esp if you count equity gains as a type of income for owners.
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CPU-U-RS doesn't use regional prices. One reason it likely underestimates inflation here. http://www.bls.gov/cpi/cpiurs.htm
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If so, up through 40th percentile probably lost real wages and 60th at best an overestimate. So it's even worse.
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only possible because of prop 13?
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