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Originally posted by cthulu23
To be accurate, the last stats that I linked to dealt with total wealth and not just wage data, which I think is closer to the indicators that you were talking about.
Whatever the case, I've helped prolong this debate beyond usefulness. I think that I'll stop now.
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And, like your other postings, it didn't address my statements because that data didn't account for the rising stock market and home prices over the last 5+ years.
My point about your clinging to the wage data goes back several posts when you claimed:
Quote:
Originally posted by cthulu23
OK, so "real wages" may not be a perfect economic indicator. That still does nothing to disprove the premise that wages are declining for median families. You can look at census data that states the same thing.
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Since real wages, as pointed out in the definition you posted, is simply wages adjusted for inflation and the flaw with these wages is the failure of the indicator to include overtime pay, unadjusted wages are equally ill suited to support your claims.
But there is something we can agree on. We are getting nowhere and it's time for it to end.