Quote:
Originally posted by onetime2
There's one definition, now how about the rest of what I asked? What's included in it? What's not? What other factors impact it? Does this one indicator really tell a comprehensive story about what's happening in the economy?
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It is the inflation adjusted value of a person's wages, nothing more or less, and is a standard economic measurement. Why do you consider it an inaccurate mesure? What is it failing to state?