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If I'm interpreting [0] correctly, it's saying that wage growth has outstripped the growth in housing prices?
by karpierz 5y ago
If I'm interpreting [0] correctly, it's saying that wage growth has outstripped the growth in housing prices?
- MontyCarloHall 5y agoThe chart is misleading because it plots nominal wages[0] against CPI-adjusted cost of goods. So really, the baseline is at 0%, not the line they denote “average hourly wages.” (The chart is still valuable for contrasting inflation adjusted costs, but its deceptive inclusion of nominal wages alongside adjusted costs clearly belies the AEI’s agenda. FWIW, the chart used to not include that line.) [0] taken from https://fred.stlouisfed.org/series/AHETPI https://fred.stlouisfed.org/series/AHETPI
- deleted 5y ago[deleted]