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Politics : Liberalism: Do You Agree We've Had Enough of It?
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To: Skywatcher who wrote (43928)9/2/2008 6:43:35 PM
From: TimF   of 224717
 
You can cherry pick time periods to make those statements true, I'm talking about the overall trend not cherry picked time periods.

Also "wages" does not equal "income", "wealth", "disposable income", or "total compensation".

As for prices being up, if you don't already adjust for that fact, then wages are up. In nominal terms wages are up, and costs are up. In adjusted terms wages may or may not be up (depending on the exact time period your measuring), and the same goes for the prices of the things you mention.

I can play games with time periods just like you can. If you are talking recently housing is down not up. If your talking very recently oil is down not up.

But the overall trend is that real income is up over time, and not just for those at the top.
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