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To: PTBAA
...average wage normalized for labor participation rate included...

Please tell me how that would work

...for the private sector (no govt sector jobs)...

Very important point, controversial too.  Wages for top rung positions are much lower w/ the feds than in the private sector, it's like how Rush says he'd never run for president because he doesn't want the pay cut.  Lower level employees get more w/ the gov't tho (from here):


30 posted on 11/05/2015 6:13:32 AM PST by expat_panama
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To: expat_panama

My thought is that a rise in wages of those still working when Obama was elected in 2008 would be dramatically offset by the 100% decrease in wages of the additional people who are now chronically unemployed. As example, at the time of Obama’s election, approximately 66.2% of the labor age workforce had a job. The current labor participation rate is approximately 62.4%.

If, for example, we said the overage wage in late 2008 was $40K per person and those working now make 9% more six years later, but there has been a 6% decrease in the amount of working age people making that wage, the net wage increase for the people working in 2008 over the last 6+ years is less than 3%. This excludes the effects of inflation, which puts us well into negative territory.


44 posted on 11/05/2015 1:04:05 PM PST by PTBAA
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