Comments by "James Adams" (@ExPwner) on "David Lin " channel.

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  26.  @brunods4560 ​​⁠yes you did. There is a reason why the attempt to say that wages stagnated comes from 1973 and that is because it was at an economic peak which preceded a trough. Lincicome points this out in his article. “Real wages” is adjusted for inflation. That’s what the term means. That I have to explain it to you means you also have not done your homework. “One of the simplest and most common “income stagnation” errors is the assessment of trends over cherry‐​picked periods of time—especially ones that start at the peak of a business cycle and end in the trough.” “Another common issue is how to measure inflation in order to make an apples‐​to‐​apples comparison of nominal compensation (what your paycheck says) over time. If inflation is higher, you’ll have lower real income gains over time as the cost of living eats into any nominal (paycheck) gains. As documented by economist Scott Winship, the most common inflation gauge—the Consumer Price Index (CPI)—overstates inflation and therefore causes real wage gains to appear smaller than they actually are. (The aforementioned census tables use CPI.) Using the better “deflator”—“personal consumption expenditures” (PCE), which many other government organizations use—reveals significantly higher real income gains. So if we recalculate the aforementioned household/​personal income figures from the census, using the standard PCE deflator, the already‐​decent 30 percent (household) and 47 percent (personal) increases between 1984 and 2019 improve to 43 percent and 61 percent, respectively” That is not even touching on the benefits issue. You’re wrong and you don’t even understand why you are wrong because you did NOT do your homework on this. You babbled a talking point and repeated it over and over again instead of doing your homework.
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