Bookmakers are looking at the conservative judges bank accounts to calculate better odds.
Bookmakers are looking at the conservative judges bank accounts to calculate better odds.
I may have to buy her more fashionable ones to win this battle. Do sweat pants come in fashionable?
I may have to buy her more fashionable ones to win this battle. Do sweat pants come in fashionable?
It is tiresome and not that interesting.
It is tiresome and not that interesting.
Median weekly wage in 1929 is a difficult stat to find, because nobody collected it in 1929. So I picked a job that employed a large number of people and wasn't utter crap and I could find numbers for.
Median weekly wage in 1929 is a difficult stat to find, because nobody collected it in 1929. So I picked a job that employed a large number of people and wasn't utter crap and I could find numbers for.
Like, only one of those aren't directly caused by the GOP.
And the Bag of Cowling.
Like, only one of those aren't directly caused by the GOP.
And the Bag of Cowling.
This is exactly the goal post you claimed would refute my position.
Are you convinced by numbers that contradict your beliefs? If not, meh.
This is exactly the goal post you claimed would refute my position.
Are you convinced by numbers that contradict your beliefs? If not, meh.
Factory job paid 27$/week. (Can't find better numbers)
X19 is approx 513/week.
1200$ median wage today.
1200/513 to the 1/(2025-1929)th power is 2.34^(1/96) = 0.8% per year.
In 1979 similar math is ((242/27)/4.36)^(1/50) = 1.5% per year from 1929 to 1979.
So... no?
Factory job paid 27$/week. (Can't find better numbers)
X19 is approx 513/week.
1200$ median wage today.
1200/513 to the 1/(2025-1929)th power is 2.34^(1/96) = 0.8% per year.
In 1979 similar math is ((242/27)/4.36)^(1/50) = 1.5% per year from 1929 to 1979.
So... no?
You objected to comparing it to 1950 to 1980 because it was a huge boom. I have shown that the boom has shrunk by 25%... which makes them pretty comparable right? Yet median wage growth vanished. Not down 25%. Not down 50%. Not down 75%. Down 95%+.
You objected to comparing it to 1950 to 1980 because it was a huge boom. I have shown that the boom has shrunk by 25%... which makes them pretty comparable right? Yet median wage growth vanished. Not down 25%. Not down 50%. Not down 75%. Down 95%+.
I am sorry I don't have infinite data. US economic data going back to 1900 is harder to find.
www.epi.org/publication/...
I am sorry I don't have infinite data. US economic data going back to 1900 is harder to find.
www.epi.org/publication/...
We know why: 1980 started a fed policy to suppress wage growth ("strict inflation controls"). Wages go up, boom recession.
We know why: 1980 started a fed policy to suppress wage growth ("strict inflation controls"). Wages go up, boom recession.
And the poor can buy fancier TVs and cell phones per hour of work (ignoring status value). Traded (non-energy) goods are cheaper.
And the poor can buy fancier TVs and cell phones per hour of work (ignoring status value). Traded (non-energy) goods are cheaper.
It does mean that adjusting for CPI leaving a fraction of a percent means "basically zero", because you are getting a value smaller than the error bars in the CPI.
This error need not be solvable in order for it to be known. Inflation is an abstraction.
It does mean that adjusting for CPI leaving a fraction of a percent means "basically zero", because you are getting a value smaller than the error bars in the CPI.
This error need not be solvable in order for it to be known. Inflation is an abstraction.
We know non-traded goods inflation is higher.
Goods substitution saves a bundle on pensions, and boosts GDP growth.
You can get baskets of goods by subpopulation prices. Having one CPI is known to be a compromise.
We know non-traded goods inflation is higher.
Goods substitution saves a bundle on pensions, and boosts GDP growth.
You can get baskets of goods by subpopulation prices. Having one CPI is known to be a compromise.
This is freshman macroecon.
This is freshman macroecon.
This isn't a zoom out problem. It is a collapse in wage growth.
This isn't a zoom out problem. It is a collapse in wage growth.
To allude or not to allude; in that phrase I can shake free reems of contextual ghosts.
To allude or not to allude; in that phrase I can shake free reems of contextual ghosts.