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Dispelling the Myth That Wages Have Been Stagnant for Decades

m.knox

Well-Known Member
Gold Member
Aug 20, 2003
126,746
85,875
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The Federal Government.... arbiter of fairness and social justice by way of THREAT OF FORCE OR PENALTY....

Always looking for a reason....... Even making some up! Imagine that? Baaa, baaa, baaa.....

https://fee.org/articles/dispelling...h5lr4eSBVbugj1MD2mxbSq26tD26d8YthgsWdTRGZMcHo

Critics of economic progress in the media pundit political circus frequently assert that incomes for American workers have stagnated over the past few decades. Examples of such hysteria abound. For example, a New York Times article declared that GDP growth has failed to consistently increase workers’ wages since the early 1980s. In their most recent debate at Politicon, political pundits Cenk Uygur and Tucker Carlson repeatedly claimed that wages have remained stagnant or outright declined in the past thirty years, attributing such a slump to their pet political issues.

Such popular claims are not without their professional proponents, either; economist Paul Krugman has claimed that “wages for ordinary workers have in fact been stagnant since the 1970s.” And, of course, the affable Senator Elizabeth Warren from Massachusetts has parroted these claims, claiming that insidious “trickle-down” economic policies are to blame for income stagnation since 1980. But does the evidence really support this crude “income-stagnation” hypothesis? As we shall see, these claims are little more than emotional assertions.

Contrasting Evidence
 
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