>and half of the US is living in abject poverty
Source? All the ones I know of use questionable methodology like: "being able to afford a 2 bedroom apartment at median wage".
> All the ones I know of use questionable methodology like: "being able to afford a 2 bedroom apartment at median wage".
Well, that's (at minimum) what you need to raise a family and replace yourself in the labor pool.
Out of curiosity, what is your expected baseline of what the average person and family in the US should be able to afford?