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To: pigdog
What ancient-geezer and I agreed upon was that at the bottom of page 11 of Jorgenson's paper he defined wages as "net of taxes". That, my friend, means that take home pay remains constant. That means you DON'T get to keep and take home your withheld income or payroll taxes for Jorgenson's model to apply. To most folks around here, that means your wage gets cut.

I find it curious that any time numbers come up you run to the other side of the pool and claim that any numbers we want to discuss are irrelevant, unknown, likely to be different tomorrow, or otherwise unknowable.

Ok, fine. I've got a used car to sell you. I can't tell you the price because that depends on a lot of factors that we can't know and will probably change anyway. It's a REALLY good car ... trust me. Don't try and do that Blue Book thing with me because the value of THIS car exceeds all expectations of anyone who might have studied the value of used cars in the past. THIS on is truly special.

So how about you sign this-here contract obligating you to pay whatever cost might show up later, and you can drive it away today? OK??

288 posted on 09/20/2005 5:37:53 PM PDT by Dimples
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To: Dimples
So how about you sign this-here contract obligating you to pay whatever cost might show up later, and you can drive it away today? OK??

Is it nice and shiny? It doesn't even have to work as long as it is nice and new and shiny.

289 posted on 09/20/2005 5:41:36 PM PDT by RobFromGa (Afghanistan, Iraq, Iran-- what are we waiting for?)
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To: Dimples
No - wrong again ... and directly contradicting what you actually agreed with ancient_geezer on as I originally posted.

Despite your selective memory the two of you were discussing the Jorgenson/Wilcoxen IGEM simulation and after a few posts here was the final conclusion of the sequence where you were discussing whether wages would go up, down, or sideways:

Dimples

"As for wage direction over time, I believe there is too much aggregation in Jorgenson's simulation to make any specific predictions. ... All in all, there is little to be gained for attempting to glean such information from this study, since there appears to be no indication wage dynamics were modeled."

To which ancient_geezer responded:

"The(sic) you hit the nub of it, not even Jorgenson has quantified what wages would do in any of his models as an output."

... and that was the end of the discussion with you agreeing nothing could be determined about wages.

You've made this very weak attempt at deflecting the discussion and changing the subject. That was in response to my original comment on this thread:

"You fall prey to what others have done in claiming that the economist Jorgenson has claimed wages must fall. He did not despite all the opponents' claims that he did so. That's not what his study showed and you even agreed with that assessment with ancient_geezer in earlier postings. Are you now wishing to take back what you said to him? Sort of like putting the Genie back in the bottle isn't it? "

I'm afraid that your efforts to put the Genie back in the bottle have failed miserably as has your attempt to change the subject.

As for your efforts to educate your trainees as to how to sell a used car - stick to trying to protect the income tax; even the trainees do a downright poor job of selling anything but that's understandable.

Besides, I prefer rollerskates.

307 posted on 09/20/2005 6:54:46 PM PDT by pigdog
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