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Response to guillaumeb (Reply #1)

Sun Feb 23, 2020, 09:46 PM

2. Not inflation... but could there be a GDP index?

The official BEA inflation calculator shows the MW at its highest value point would today be $12.10... but that's just when the government stopped increasing its true, not just inflation corrected value.

Not that GDP is always useful, but those per capita GDP numbers suggest the MW could have been indexed to something other than inflation... to the growth in the economy. Or... productivity.

Sabotaging the MW stopped upward pressure on wages from below may have been a key component in why the bottom 3 quintiles of households had a 39, 34, and 24% bigger share of national income in the 70s than today

https://www2.census.gov/programs-surveys/cps/tables/time-series/historical-income-households/h02ar.xls

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eniwetok Feb 2020 OP
guillaumeb Feb 2020 #1
LineLineReply Not inflation... but could there be a GDP index?
eniwetok Feb 2020 #2
guillaumeb Feb 2020 #3
eniwetok Feb 2020 #4
guillaumeb Feb 2020 #10
Nature Man Feb 2020 #7
guillaumeb Feb 2020 #11
orwellsighs Feb 2020 #5
eniwetok Feb 2020 #6
Bengus81 Feb 2020 #8
Wounded Bear Feb 2020 #9
eniwetok Feb 2020 #12
eniwetok Feb 2020 #13
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