A New Record!

[RandyForRubio]

Are you sure benefits are higher? Maybe higher than they were back generations ago, but almost every company I am aware of has reduced benefits in some ways.

Higher than they were in the 70’s? Yes, I’m quite positive.

 

[Alfalfa]

And yes, wages have been stagnant or regressed while housing has increased.

So what else has changed (with regards to inflation).

Food is cheaper.
Benefits are higher (this includes 401k, healthcare, childcare, PTO, etc).

It’s hard to categorize non-wage benefits, but Human Progress has estimated that it could be as much as 30-40% of our current wages. So that’s significant.

If you compare the average products purchased in the 70’s to now, they are cheaper. For example, the time cost of a typical fridge fell by 50% while using 33% of the electricity. So that’s a savings in two ways.

It’s not all bad. It’s not all great. We’re still capable of living a damn great life. So stop complaining you miserable misers.

Housing has gotten too expensive, and a lot more residences need to be built. It's becoming almost as bad as Europe.

 

[idestroyedthetoilet]

And yes, wages have been stagnant or regressed while housing has increased.

Another common myth. We have plenty of data on this. Read Robert Shiller, or just read the wiki on him.

Same home sales have fluctuated in an affordability range. Besides, if this asset price has indeed outpaced other [non-asset] things then it's because we can afford the higher prices. That would point to the opposite of the complaints about affordability, logically.

Also, while benefits have increased so has the effectiveness of healthcare (tremendously), giving another double benefit like your refrigerator example. We can't compare straight cost to cost here. The complaint should be that it has gotten so good that it's hard to afford. Sign me up for that world please.

 

[Stoked]

According to some cost of living calculator I found online, it appears the cost of living has risen 2,500% since 1975. I’m not even sure that can be accurate.

Another site which calculates data has inflation having risen almost 500%. That seems right to me.

Based on that, have salaries increased accordingly?

Well Social Security is gonna go up 2.8%.

Close enough lol

 

[Harambe]

Another common myth. We have plenty of data on this. Read Robert Shiller, or just read the wiki on him.

I encourage you to provide a specific link. His wiki page kinda goes over a LOT of stuff.

http://www.pewresearch.org/fact-tan...rs-real-wages-have-barely-budged-for-decades/

https://www.forbes.com/sites/steved...es-dump-the-worlds-dumbest-idea/#5a727d461abc



https://www.epi.org/publication/the...my-we-have-now-and-the-economy-we-could-have/

It's pretty unanimous that wage stagnation/regression isn't a myth. It exists. What to do about it, or why it exists there doesn't appear to be a universal answer for.

Has Shiller found the answer, or has he changed the question?

 

[idestroyedthetoilet]

I encourage you to provide a specific link. His wiki page kinda goes over a LOT of stuff.

http://www.pewresearch.org/fact-tan...rs-real-wages-have-barely-budged-for-decades/

https://www.forbes.com/sites/steved...es-dump-the-worlds-dumbest-idea/#5a727d461abc



https://www.epi.org/publication/the...my-we-have-now-and-the-economy-we-could-have/

It's pretty unanimous that wage stagnation/regression isn't a myth. It exists. What to do about it, or why it exists there doesn't appear to be a universal answer for.
Has Shiller found the answer, or has he changed the question?

Shiller compares same home sales, read above. He's been the leading scholar for this for decades.

Read my first post on wage stagnation and do the mental exercises for yourself. How are you going to calculate wages by a measure that includes them and is a huge factor? Of course wage inflation < wage inflation + non-wage inflation. Find a way to back them out, create a real comparison, then get back to me. Seriously please do. I have a pretty big interest in the subject and would love to read anything new here. For now, I'll continue not claiming that math that doesn't allow for wage stagnation is lying to us. Unless you can show me that somehow the bucket of combined wages/working population does not equal wages/working population.

 

[Harambe]

Shiller compares same home sales, read above. He's been the leading scholar for this for decades.

Read my first post on wage stagnation and do the mental exercises for yourself. How are you going to calculate wages by a measure that includes them and is a huge factor? Of course wage inflation < wage inflation + non-wage inflation. Find a way to back them out, create a real comparison, then get back to me. Seriously please do. I have a pretty big interest in the subject and would love to read anything new here. For now, I'll continue not claiming that math that doesn't allow for wage stagnation is lying to us. Unless you can show me that somehow the bucket of combined wages/working population does not equal wages/working population.

Franklin,

You could have just answered with "Shiller changed the question".

--Roach0

 

[idestroyedthetoilet]

Franklin,

You could have just answered with "Shiller changed the question".

--Roach0

Uh, ok.

 

[Harambe]

Uh, ok.

Do the mental exercises yourself. Instead of looking at the data for what it is(Stagnation is a thing recognized by just about everyone), you imply that Schiller has found and identified a way to change the question to get what he see's as an unfact when the rest of the world see's fact.

And maybe that should be. Maybe that's normal, and he is just "THE" authority. I'm just not buying it without a plausible explanation other than "...no, bliev me"

 

[idestroyedthetoilet]

Do the mental exercises yourself. Instead of looking at the data for what it is(Stagnation is a thing recognized by just about everyone), you imply that Schiller has found and identified a way to change the question to get what he see's as an unfact when the rest of the world see's fact.

And maybe that should be. Maybe that's normal, and he is just "THE" authority. I'm just not buying it without a plausible explanation other than "...no, bliev me"

Do you actually care to learn anything here or is this discussion pointless with you? I have no interest in continuing on if you are content keeping your head crammed deep up your sandy ***.

Have fun believing in your disproven myths. Religious people can at least stick with faith in something that can't be disproved.

 

[Harambe]

Do you actually care to learn anything here or is this discussion pointless with you? I have no interest in continuing on if you are content keeping your head crammed deep up your sandy ***.

Have fun believing in your disproven myths. Religious people can at least stick with faith in something that can't be disproved.

Put yourself in ANYONE else's shoes. Dozens and dozens of institutions recognize wage stagnation/regression. A quick google search, or even links by some ******* on a jazzfanz forum confirm this.

One dude walks in and says it(wage stagnation) is not a real thing. This dude doesn't provide any amount of evidence other than "go luk itup". Not even a chart, let alone a study disproving it.

What would you think?

 

[idestroyedthetoilet]

Put yourself in ANYONE else's shoes. Dozens and dozens of institutions recognize wage stagnation/regression. A quick google search, or even links by some ******* on a jazzfanz forum confirm this.

One dude walks in and says it(wage stagnation) is not a real thing. This dude doesn't provide any amount of evidence other than "go luk itup". Not even a chart, let alone a study disproving it.

What would you think?

I understand beforehand that it'll be a Dunning-Krueger situation. You'll think I'm crazy and that's okay. I'll think you are dumb until you stop spouting off nonsense (that stuff about Shiller was a doozie).

Show me a measurement that doesn't use phony math and I'll listen. Your stagnation myth uses CPI-U, which makes the measuring stick nonsensical. Do you understand why? If not there wont be any common ground to start a real discussion from.

P.S. wage stagnation is nowhere near the universally held truth you believe. You've likely only heard populist drumbeat about it is all.