[sarcasm]

I see that you are now admitting that there has been a decline in real wages since the 1970's. I also stand by my comment about wages being in decline right now - I simply do not believe that CPI reflects the cost of living since Clinton era changes in the way it is computed. I fully expect that you will now be defending Clinton and his regime.

BTW, you still haven't answered my question: please explain how we are so much "richer" when real wages are lower.

[Southack]

"BTW, you still haven't answered my question: please explain how we are so much "richer" when real wages are lower."

You seem to be having difficulty comprehending what your own Canadian study said (i.e. that U.S. average are still INCREASING, though at a slower pace) as well as having difficulty accepting the U.S. government study that I posted that shows that average U.S. wages have INCREASED even after inflation since the 1950's.

And yes, a wealthy people who get an INCREASE in their wages is a wealthier nation. I realize that's a difficult fact to comprehend, but I'm going to be spanking you with it for how ever many hundred more posts you wind up making on this thread (until we get into the inevitable "I'm bored" or "I don't have time" or other excuses that you will trot out when you finally decide to flee).

So get used to it. U.S. wages are up. We are now richer than we were half a century ago.