I'm sorry if you're not equipped enough to understand how things work in the financial community. Might I suggest leaving the forum once in a while?
Last edited by AmazonTania; 07-29-13 at 06:08 PM.
Regardless of your opinions and what you may think, you are wrong.
Last edited by AmazonTania; 07-29-13 at 06:13 PM.
I never said you argued it. That is what I am arguing. I am showing that the manufacturing output per worker and the output as a percentage of GDP is contradictory. Other countries have a lower manufacturing output per worker, but they produce more as a percentage of their economy, indicating that they are more productivityYou are moving the goalposts. I am not arguing that U.S. manufacturing as a % of GDP is high, so trying to make it the focal point of your response is questionable.
Yes, but other counties still have a relatively strong manufacturing base.It is referred to as economic convergence. Industrialization just happens to be the particular path.
And yes, if you are trying to determine inflation for consumers, it is always better to gather as many price point as possible....if you are concerned about accuracy...but then, those who believe inflation to be irrelevant....or use singe data points between nations/currencies....probably are not.
Except when it is irrelevant, or a single item.....that is.Anyone can pick up a few items, measure the increases and decreases, use the methodology and determine whether or not there is inflation. It's done all the time.
Like I said, if this is representative of the financial world....I would be concerned......but thankfully, you are not.I'm sorry if you're not equipped enough to understand how things work in the financial community. Might I suggest leaving the forum once in a while?