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Dave, She is right. It is only when the wages for the same job go up that it is counted. They don't count it the way I count it. The govt. goes in and says, what does a gizmo screw tightener get paid. If that number doesn't go up, no inflation. If a new position is created, gizmo thread-engineering supervisor, with a higher salary, that is not inflation to the original position, but rather the base of the new position. Or, if some guy quits a civil service job where he is making $75,000 a year, and goes back to his old brokerage firm where he will be paid $10 million a year, that is also not wage inflation. Otherwise, Bobby Ruben wouldn't do it. <g> |
