> It's about purchasing power; not just real wages. Real wage means purchasing power parity, or it should. These two statements cannot be true, if they are usi

> It's about purchasing power; not just real wages. Real wage means purchasing power parity, or it should. These two statements cannot be true, if they are using the same definition of inflation: - Real wages have risen over the past 50 years - Today's real average wage has about the same purchasing power it did 40 years ago The methodology must be different.