2 ms·
> worker earnings continue to climb if you count government mediated benefits I thought counting medical inflation as a salary increase only changed the thresh
by jjoonathan 3y ago
> worker earnings continue to climb if you count government mediated benefits
I thought counting medical inflation as a salary increase only changed the threshold from 90% to 80% of workers seeing wage contraction over the last 40 years.
- s1artibartfast 3y agoThere's a bunch of papers and books that recalculate growth after transfer payments. Here is a link to one book review and you can take a look at some of the figures that they came up with. https://johnhcochrane.blogspot.com/2022/12/calomiris-on-gramm-ekelund-and-early-on.html https://johnhcochrane.blogspot.com/2022/12/calomiris-on-gram...? When you see those numbers about wage stagnation it always comes down to three big questions: 1) Are transfers & taxes included 2) Do you calculate the value of the transfer at the cost the government spent, or the utility received 3) What inflation metric you use