[ninenot]

Then there's the Chicago Sun-Times piece (7/19) in which the writer, a banker and industrialist, states that REAL wages are less now than they were in 1947.

...and while anybody can get a raise of 3-4%, if the COL increases by same or more, that's a REAL wage decrease.

[dirtboy]

and while anybody can get a raise of 3-4%, if the COL increases by same or more, that's a REAL wage decrease.

Which I subsequently demonstrated - average wages went up 1.8 percent last year, whereas inflation increased about 2.2 percent. But Southack assures me that I am wrong for saying that's a net decrease. And, considering that government average incomes went up by 4.9 percent, the average salary in the private sector went up by only .8 percent - or about 1.4 percent BELOW the rate of inflation. But according to Southack, I'm all full of it.

Someone help me to to understand Southackenomics, please. Must be that new math.

[dogbyte12]

In 1947... a high school graduate could get a factory job, and buy a house after a few years. Try that today.