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China overtakes United States as top destination for foreign investment
channelnewsasia.com ^
| 23 September 2004 0213 hrs
| AFP
Posted on 09/22/2004 10:35:07 PM PDT by Destro
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To: Toddsterpatriot; Hoplite
What this information (or opinion) points out - an I'm sure that you guys understood this - is that if wages are keeping pace or even eclipsing previous wage levels when adjusted for the CPI inflation (when in fact the CPI actually overstates true purchasing power because of factors discussed), then we are even that much better off than what the data on the charts indicated.
The bottom line is this: so what if we've had a three year dip in median income (especially given the circumstances), even this data - taken back to '67 - is skewed so that the adjustment for inflation isn't entirely accurate and expresses the wage levels too conservatively!
221
posted on
10/01/2004 2:09:05 PM PDT
by
LowCountryJoe
("How the Far Right Has Been Left [and] Behind" - PJB)
To: LowCountryJoe
(when in fact the CPI actually overstates true purchasing power because of factors discussed), then we are even that much better off than what the data on the charts indicated. CPI has always overstated inflation due to quality improvement.
Especially when it comes to IT.
222
posted on
10/01/2004 2:25:52 PM PDT
by
Toddsterpatriot
(Hey, look at me, I'm a math major.)
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