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onetime2 · 07-01-2004, 05:47 AM

Can those discussing Real Wages here please define the term and the components which are included and excluded in its calculation?

Additionally, please offer any thoughts on how/why it is possible that despite the alleged real decrease in wages people can afford higher and higher priced goods. After all aren't homes and cars significantly more expensive than they were in the 70's and yet we don't see too many people driving around in cars that are decades old or homes that are rotting to the ground?

07-01-2004, 05:47 AM	#78 (permalink)
onetime2 Junkie Location: NJ	Can those discussing Real Wages here please define the term and the components which are included and excluded in its calculation? Additionally, please offer any thoughts on how/why it is possible that despite the alleged real decrease in wages people can afford higher and higher priced goods. After all aren't homes and cars significantly more expensive than they were in the 70's and yet we don't see too many people driving around in cars that are decades old or homes that are rotting to the ground? __________________ Strive to be more curious than ignorant. Last edited by onetime2; 07-01-2004 at 05:50 AM..