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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?


To: BGR who wrote (72919)1/5/2000 4:03:00 PM
From: Les H  Read Replies (1) | Respond to of 132070
 
Since wage sample attributes certain labor categories to be a specific proportion of the sample, the average wage can be skewed if the assumptions about the proportions are not represented properly. If you assume more high-paying aerospace manufacturing jobs, but those jobs have been greatly reduced over the past year then the wage growth is skewed down. I believe Labor uses some statistical adjustments to adjust for differences in composition of the sample over time.