Comments by "whyamimrpink78" (@whyamimrpink78) on "10 Years After The Great Recession Another One Is On The Way" video.
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Colony, there is this thing called research and stats. Many economists disagree on that issue. For example, there are many ways to look at inflation. PCE has a lower inflation rate and using PCE has shown to have wages increase. Read the paper entitled
"Fifty Years of Growth in American Consumption, Income, and Wage" by prof. Bruce Sacerdote. You can point to charts, I can point to in depth analysis and research. Prof. Don Boudreaux has argued that wages have increased when you include benefits where most of the charts you point to do not include. Also, there are many shortcomings in inflation. For example, inflation does not include technological advancement. If you look at cars the price tag on cars is higher compared to the 70s, but cars today last longer, get better gas mileage and are safer, all which saves money. So again, point to charts all you want, but you have to consider that with statistics there are many ways to look at them. You can also read the paper entitled
"Did Wages Reflect Growth in Productivity?" by prof. Martin S. Feldstein.
SS is running out of money, so is Medicare where many doctors don't take medicare. Black crime rate is related to healthcare as people who experience violence need healthcare. Also, people who commit violence typically are not productivity in society. There is also the issue of us being number 1 in obesity rate for OECD nations.
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