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Wages are Booming

Finch said:
You receiving a raise is about as relevant as my entire corporate office not receiving one....Facts are still facts, and the fact is we're not seeing wages "boom" and you nor Freewits has proven otherwise...
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Not my fault you and the others didn't get a raise. Wages may not be booming as you say but some of us are getting a good one. Can't bust the bubble of others because you didn't get it.
 
PTF said:
Not my fault you and the others didn't get a raise. Wages may not be booming as you say but some of us are getting a good one. Can't bust the bubble of others because you didn't get it.
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Who cares other than you that you got a raise. If real wages are falling for the vast majority of workers, then a thread titled Wages are Booming would seem inappropriate.

The OP would have served us all better if he just started a thread that titled "I got a raise...hurray"
 
jnug said:
Who cares other than you that you got a raise. If real wages are falling for the vast majority of workers, then a thread titled Wages are Booming would seem inappropriate.

The OP would have served us all better if he just started a thread that titled "I got a raise...hurray"
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Not my fault.
If you didn't get a raise as well that's your problem as well. I don't regret sharing my story but you and a few other who didn't get anything is making it out into "in your face" type of situation from my part...and it's not.
If you can't stand anyone who's gotten a raise,stay out the kitchen.
 
Redress said:
I was quoting BLS. You know, the agency that actually tracks the data. You on the other hand, quoted an article from several months ago, that did not dispute the BLS data from this month. SO no, I was not wrong. Would you care to try again?
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You quoted old data, data from over a year ago, while I was addressing a new trend. Yes, if you look at the newer information you'll see even more of positive trend. This trend has been widely reported on. Nice try, though.
 
FreeWits said:
You quoted old data, data from over a year ago, while I was addressing a new trend. Yes, if you look at the newer information you'll see even more of positive trend. This trend has been widely reported on. Nice try, though.
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July 12, 2018 is a year ago? Now you tried using a source from February, but I used current data, comparing the current data with a month and a year ago.
 
Redress said:
July 12, 2018 is a year ago? Now you tried using a source from February, but I used current data, comparing the current data with a month and a year ago.
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June of 2017 is.

EDIT: Here is what your BLS link said:
Real average hourly earnings for all employees increased 0.1 percent from May to June, seasonally
adjusted, the U.S. Bureau of Labor Statistics reported today.
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jnug said:
Not against the inflation rate they aren't. In fact real wages are headed south.
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and how fast would that be happening IF wages HADN'T grown. 2.9 inflation vs 2.8 wage increase is a whole lot better than 2.9% inflation vs 0% wage growth. I'd guess that wage hikes probably play a part in inflation increases too.
 
Bullseye said:
and how fast would that be happening IF wages HADN'T grown. 2.9 inflation vs 2.8 wage increase is a whole lot better than 2.9% inflation vs 0% wage growth. I'd guess that wage hikes probably play a part in inflation increases too.
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No its not because it is Trump's half baked economic policy that is compelling inflation on an upward trajectory that is actually pretty extraordinary. Six straight months of inflation rate (CPI) increases. Go try to find its duplicate. Any thoughts about how July is going to come in? That will make 7. These so called gains in wages are being entirely consumed by the rate of inflation and in the end dealing with inflation is far worse than dealing with stagnation, which we did not have in the first place. Add the tariffs to that and you have a mess that Trump certainly will not be able to unsnarl.

What we had and STILL have is structural issues in this economy which other than deregulation, Trump does not address AT ALL. Even there, we get willynilly deregulation as opposed to thoughtful studied deregulation which we will all end up paying for, not that the Right cares. As long as the Right is entertained, its happy.
 
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FreeWits said:
June of 2017 is.

EDIT: Here is what your BLS link said:
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Yes, that was in my quote. I quoted that. You said it was wrong. Now why is that?
 
Bullseye said:
True, this also includes benefits hikes. It's explained in his link.
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It also does not compare them with increases in cost of living. If you make an extra 200 a year, but costs go up 300, you lost money.
 
Bullseye said:
and how fast would that be happening IF wages HADN'T grown. 2.9 inflation vs 2.8 wage increase is a whole lot better than 2.9% inflation vs 0% wage growth. I'd guess that wage hikes probably play a part in inflation increases too.
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Wages haven't kept up with inflation for like 40 years. "Less down" isn't the same as "up."
 
PTF said:
Not my fault.
If you didn't get a raise as well that's your problem as well. I don't regret sharing my story but you and a few other who didn't get anything is making it out into "in your face" type of situation from my part...and it's not.
If you can't stand anyone who's gotten a raise,stay out the kitchen.
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This is a thread about employment and wage statistics, not your personal raise. Please do try to keep up.
 
Chagos said:
WTH is wrong with you? The cited BLS data clearly states
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So they are going with only hourly earnings, seasonally adjusting them, and going all the way back to June of 2017, which I object to.
 
FreeWits said:
Wages are Booming:
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Deuce said:
Put data from 2000-on in also I’m curious
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Redress said:
Now that I am not on my phone, here is the actual data: https://www.bls.gov/news.release/realer.nr0.htm
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FreeWits posted "Employment Cost Index" which is objectively not wages. ECI is the measure of the change in the price of labor, defined as compensation per employee hour worked. The measure therefore includes wages, paid leave (holidays), insurance benefits, retirement contributions, FICA benefits, etc.

Here is FRED's data back to 2002 instead of cut off at 2010. (Prior to 2002 is not available.)

Please note several things,

- This is not "real" growth (inflation-adj), but what's called "nominal" growth (not inflation-adj).
- To adjust for inflation, one subtracts inflation % from nominal growth %
- The highest nominal growth % post-2008 is still lower than the lowest nominal growth % pre-2008
- Redress posted a link to real wage growth report, but I'm not sure if BLS has a page to pull up historical real growth trends

PercChangeEmpCostInd.jpg


Linke: https://fred.stlouisfed.org/series/ECIALLCIV

VS what FreeWits posted,

View attachment 67237205
 
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brothern said:
FreeWits posted "Employment Cost Index" which is objectively not wages. ECI is the measure of the change in the price of labor, defined as compensation per employee hour worked. The measure therefore includes wages, paid leave (holidays), insurance benefits, retirement contributions, FICA benefits, etc.

Here is FRED's data back to 2002 instead of cut off at 2010. (Prior to 2002 is not available.)

Please note several things,

- This is not "real" growth (inflation-adj), but what's called "nominal" growth (not inflation-adj).
- To adjust for inflation, one subtracts inflation % from nominal growth %
- The highest nominal growth % post-2008 is still lower than the lowest nominal growth % pre-2008
- Redress posted a link to real wage growth report, but I'm not sure if BLS has a page to pull up historical real growth trends

View attachment 67237249


Linke: https://fred.stlouisfed.org/series/ECIALLCIV

VS what FreeWits posted,

View attachment 67237205
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Did you read the quote from the article I posted?
 
FreeWits said:
Did you read the quote from the article I posted?
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Why are you so afraid of raw data? Do you really need some one to tell you what it means?
 
Kobie said:
This is a thread about employment and wage statistics, not your personal raise. Please do try to keep up.
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It's a comment on how things such as salaries are up and you as a liberal/Demo don't like it...too bad.
 
PTF said:
It's a comment on how things such as salaries are up and you as a liberal/Demo don't like it...too bad.
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If you insist.

Are there any other stupid things you’d like to tell liberals that they believe?
 
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