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"But why, Don Suave?"....."Because They're Morons."
7 Mar 2024 2:01 pm
Spare me this onanism.ConsRule » 07 Mar 2024, 2:59 pm » wrote: ↑ Real wages are calculated by taking nominal wage rate, dividing by the CPI and multiplying by 100.
The problem with that calculation are:
What is the nominal wage? Are you using a national average? Averages can be misleading...a national median wage would be better. Nominal wages are also sticky. There is typically a several month lag before they react to changing employment conditions.
What CPI are you using? The BLS publishes several. There is the all-inclusive CPI, but there is also a CPI-U, CPI-E, CPI-W, C-CPI-U.
Post the measures by which you deemed Grifty's economy "fabulous"