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Post by unlawflcombatnt on Feb 5, 2007 17:57:25 GMT -6
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Post by LibSlayer on Feb 6, 2007 15:23:21 GMT -6
From his assessment he claims real wages are stagnat, they are, but NOT because companies haven't been raising wages, it is because INFLATION has been robbing the increased wages of their buyping power. Nominal wages have continued to grow at almost the same rate as they did during the 90's, less than 1 cent a year difference.
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Post by unlawflcombatnt on Feb 6, 2007 16:59:02 GMT -6
Once again, "nominal" wages are not the way anyone (except yourself) compares current wages with past wages. And the Bush dictatorship has greatly increased liquidity and the effective money supply, causing tremendous inflation. Under Bush, the increase in nominal wages is only slightly greater than the increase in the Consumer Price Index. This means the ability of American consumers to finance spending with wages has increased very little since Bush stole his first election. It further means that consumer spending during Bush's reign has been financed increasingly more with borrowed money, and increasingly less with wages. In fact, consumers have spent more than they earned for 2 consecutive years, both 2005 and 2006. The year 2005 was the 1st year since the Great Depression that this happened. The year 2006 was the 2nd.
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Post by LibSlayer on Feb 7, 2007 10:19:46 GMT -6
Once again, "nominal" wages are not the way anyone (except yourself) compares current wages with past wages." It is how you compare what JOBS PAY. If as you claim people are losing high paying jobs and taking low paying jobs then nominal wages would be going down, they aren't, they are going up. The fact that nominal wages are going up proves you wrong.
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Post by blueneck on Feb 10, 2007 15:12:39 GMT -6
The nominal wage averages are skewed by the large gains in the higher income brackets offsetting the negative gains in lower brackets.
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Post by LibSlayer on Feb 10, 2007 17:08:41 GMT -6
The nominal wage averages are skewed by the large gains in the higher income brackets offsetting the negative gains in lower brackets. The higher income brackets are not included in the wage averages.
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