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Obviously it represents the point where productivity increased but real wages remained stagnant. I think you’re purposely pretending not to understand it though
by symlinkk 6y ago
Obviously it represents the point where productivity increased but real wages remained stagnant. I think you’re purposely pretending not to understand it though.
- colanderman 6y agoOn half those graphs the arrow points to an arbitrary "knee" on an exponential function. It's a graphical version of the Gish Gallop [1] and conspiracy-theory "it makes you think!" arguments. Explanation is definitely warranted. [1] https://rationalwiki.org/wiki/Gish_Gallop https://rationalwiki.org/wiki/Gish_Gallop
- marcosdumay 6y agoIt's some 2 to 4 years off the end of the correlation on that first graph.
- spiralx 6y agoExcept there are numerous flaws with the construction of that graph: https://economicsfromthetopdown.com/2020/01/17/debunking-the-productivity-pay-gap/ https://economicsfromthetopdown.com/2020/01/17/debunking-the...