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That's not what you said before at all, they don't do an inconsistent comparison of real and nominal, which what I thought the problem to be >>" Inevitably, the
by frankbreetz 7y ago
That's not what you said before at all, they don't do an inconsistent comparison of real and nominal, which what I thought the problem to be
>>" Inevitably, the income will be real income [inflation adjusted] and the prices nominal prices."
They don't specify which in the title, but they do in the article.
The biggest thing is there is no comparison between nominal and real prices. Acting like the nominal cost of things is not keeping up with real wages.
If you don't want to get tricked maybe read the whole article instead of just the title. It is a somewhat complex topic and takes some thought to put into it if you want to know what is going on.
- sokoloff 7y agoI've seen the exact behavior I described; this was the fastest misleading headline I could find in a quick search. I'll reply on thread next time I see one, which is likely to not happen in the next 24 hours. Hopefully, you'll take an open minded read to see where social and mainstream media accounts are biased for outrage and clicks over information content and will notice these on your own as well.
- frankbreetz 7y agoI always try to keep an open mind, I will admit if this happens regularly by mainstream media, but comparing real and nominal prices seems like a pretty difficult thing to get past people. This is a complex topic and it can sometimes be tricky to kept track of how much was a dozen eggs, how much was a college degree, how many people had college degrees, how much is healthcare, how much would we spend on healthcare if the government was in charge, and thousands of other factors. Newspapers and website are driven by viewership so there will not likely specific language in a headline, or even in the article sometimes.