Minimum Wage Would Be $21.72 If It Kept Pace With Increases In Productivity

Harrekin

Well-Known Member
As if I would ever have to do something so lowly. The toilets were cleaned for me, just like they cleaned my office every day.
You don't need to quote your "economist" bosses describing your work, don't worry kiddo, you can pretend to know what you're talking about, but we all know you scrub toilets.
 

Dr Gruber

Well-Known Member
You don't need to quote your "economist" bosses describing your work, don't worry kiddo, you can pretend to know what you're talking about, but we all know you scrub toilets.

So that explains his wiping the floor with you guys.....
 

NoDrama

Well-Known Member
So that explains his wiping the floor with you guys.....
LOLLERSKATES!

http://economistsview.typepad.com/economistsview/2013/04/why-do-we-use-core-inflation.html

http://economistsview.typepad.com/economistsview/2008/08/why-do-we-use-c.html

http://www.federalreserve.gov/Pubs/feds/2008/200838/200838abs.html

http://www.federalreserve.gov/Pubs/feds/2008/200838/200838pap.pdf

Excerpts:
First, core inflation is used to forecast future inflation.
we also use the core inflation rate to measure the current trend inflation rate.
http://www.bls.gov/ooh/Life-Physical-and-Social-Science/Economists.htm

Of course SOME people will now come and argue that they never said Economists don't study inflation.

More FAIL.

The mop already got put away.
 

echelon1k1

New Member
Nice assumption. Unfortunately for you, I'm not talking about academics but professional economists.

(For the record, I tend to despise academics.)
there's no real difference between the two. One spends his days spinning shit in a classroom, the other in an office. Anyone who lectures economics etc in the post graduate arena, 90% of the time works in the industry at a major financial institution or ratings/analysis agency.

Apart from the industry itself being corrupt and useless, it's now seeped into the educational realm, producing students like yourself.
 

Padawanbater2

Well-Known Member
Why do average wages follow productivity up all the way into the early 80's and then go flat and in some cases down?

One of your answers is.....

Compare upper management compensation to the same productivity increase. It goes up the same as an average workers into the early 80's and then , instead of going flat it starts to spike.

Profit that was once used to pay employees a little better is being taken by owners , upper management and CEO's instead of the employees.

Why people can't do simple math is beyond me , the money is there. It is just where it is going that is all fucked up... another small issue that started in the 1980's and bobblehead , dementia Reagan.


*I hope nobody is talking about chicago school idiots , why does everybody hate on everything chicago including the President and turn around and try to say the chicago school rocks..... lol

*inside joke (sorta ) to a friend here.
Exactly this
 

tokeprep

Well-Known Member
I never said economists don't study inflation. I said most economists don't study inflation. If you think otherwise, you have no idea what most economists do. That's your own ignorance.
 

Harrekin

Well-Known Member
I never said economists don't study inflation. I said most economists don't study inflation. If you think otherwise, you have no idea what most economists do. That's your own ignorance.
Oh my fucking God...

You should invent and patent the back-pedalling powered bicycle.
 

UncleBuck

Well-Known Member
i agree, harrekin's trolling has been weak and directionless lately. he'll troll in whatever direction a small puff of wind may blow him.

he's like a perfectly lubricated weather vane on the important issues of the day's trolling.


 

tokeprep

Well-Known Member
Oh my fucking God...

You should invent and patent the back-pedalling powered bicycle.
Maybe you should actually read what I said instead of just taking your buddy's word for it. If you bothered to be fair and impartial about it, you would see that I never said what he claimed. He stuck it in quotes even though I never said anything remotely close to it.
 
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