Can an econanon please explain what each of these mean:
>Real GDP per Capita
>Real GDP per FTE
>Avg real wage, GDP deflator
>Avg real wage, cpi
>Real median weekly earnings of full time workers, cpi
And why "Real" in each one? As opposed to what?
WTF Happened in 1971
Jaxson Hughes
Jacob Powell
Companies paid more and more in non-liquid benefits such as health insurance. Any "muh gold stundooord" must be immediately dismissed as the retarded ramblings of ancaps who have never crack-opened an economics textbook in their lives.
Alexander Hernandez
you were immediately dismissed for not answering the question and attitude without credibility.
Ayden Collins
"Real" refers to what you can actually buy with that money as comparing salaries to the 1970's 1:1 without factoring inflation would not produce an accurate picture. Instead of minium wage being $2.00 an hour and then $15 an hour 50 years later you ask how many loaves of bread or gallons of gas a person could get with minimum wage. It's not 100% accurate but a better attempt to understand the living situation of people.
tl;dr the purchasing power of the average American has remained static for decades as wealth has flowed away from the middle class to the emerging aristocracy. Even more tl;dr is "you're going to Brazil"
Hunter Parker
Decoupling the Dollar from gold. But you knew that.
Tyler Price
Post nose
Lincoln Myers
I see, thank you. What's GDP deflator?
Christian Carter
1973, a huge change in law. It’s when the Freemasons lost control over professional groups and the states began issuing professional licenses. Camels nose under tent event
Wyatt Martinez
Computers (:
Eli Lee
Feels great to win literally every single argument against Any Forumsacks with absolutely zero defeat in all that time.
Lucas Wood
That graph is 100% bullshit. Wages =/= compensation, Full time equivalent worker =/= full-time worker.
Andrew Edwards
Capital was being squeezed by Labour for profits on a macroeconomic scale. Capital revolted. Politicians changed some of the fundamental relationships of economics and finance. We began the march towards globalism. Now Capital is being squeezed again, but this time by itself. It can't find anywhere genuinely productive even after circling the globe so it pumps crypto, it pumps stocks, it especially pumps housing. There is also a strange divide between winners and losers of Capital in this new context that government lockdowns greatly accelerated. I think that Google is worthy of an honourable mention too. Ad dollars that used to stay within local communities and helped support some level of journalism mostly go to Alphabet now, and it doesn't know what to do with them all.
Juan James
nominal gdp divided by real gdp meaning if it's going higher there's inflation and if it's going lower there's deflation. in terms of this graph it's just showing that there has been no deflation in decades
Aiden Walker
how is it bullshit if it clearly labels everything and doesn't mess with the scale?
Sounds more like you have an agenda.
Carter Allen
Yes we know there's all kinds of kikery you can do with gdp and cpi to make the numbers look more like what you want
Lincoln Brooks
trickle-down happened
Anthony Watson
In a larger context the graph shows were are moving more towards a 2nd or 3rd world economy due to the distribution of wealth.
Christopher Wright
The graph you cited is from the Economic Police Institute, a George Soros funded Institute, retard. You have agenda.
The graph in question is made by a think-thank connected to Soros and the democrat controlled AFL-CIO. Its just propaganda.
Austin Harris
Its bullshit because its not measuring real worker compensation. Wages are not the same as worker compenstation. What a worker recieves from his job his more than a wage, and FTE =/= full time. Your website is citing a graph, the first one, is literal propaganda.
Grayson Butler
Immigration act of 65 kicked in around that time
Adrian Brown
Big Pharma happened.
Easton Roberts
Yeah I'm not saying that we should treat it as gospel.
Noah Flores
They got rid of the 90% income tax bracket and actually allowed intelligent people to work and invest to their full potential
Oliver Ward
>Ad hominem
i wasn't aware of where the graph came from or that George Soros funded it, and my only "agenda" was to ask the question, which I did. ffs. drop the paranoia, it's fucking useless in this context.
Now, on to real (non timewasting) business:
Which data points are false in the graph since you claim it's not "valid"?
Matthew Lopez
Republican war on FDR's New Deal reforms of capitalism flaws.
Republicans hated FDR with a blind seething rage and spent 30 years dismantling the New Deal that kept the worker's wages in line with productivity.
Nicholas Jones
Adam Martinez
these graphs are meaningless and only appeal to retards.
Eli Gomez
your memeflag doesn’t check out but then neither does your brain
Chase Mitchell
>Now, on to real (non timewasting) business:
>Which data points are false in the graph since you claim it's not "valid"?
don't bother arguing with poltards, it is like trying to teach a pig to sing, it wastes your time and annoys the pig
Logan Foster
imagine coping like this. I’ve met 8 year olds with more dignity
Bentley Wood
Except new deal policies have expanded. The difference is thr Democrat new deal broke the interest rates with too spending. The Democrats forced the US to go broke.
Brandon Moore
>Any "muh gold stundooord" must be immediately dismissed
Sheesh, and you wonder why we know you're a kike
Christopher Barnes
Floating currencies, mass migration, offshoring and outsourcing, technological innovation, and the broad switch from goods to services, all coincided, not by accident. The short answer is Johnson ruined everything.
Christopher Williams
Oil crisis shock in the 70s and gold standard going away. America's promise of unlimited economic growth was beginning to disintegrate so they quickly came up with a solution. Export all industry to China. Which will now become to new world manufacturer based off cheap slave labor. There's a reason why modern day economic growth if based off consumer spending. As long as cheap goods continually flow from China. Westerners will spend more and more to keep the zombie alive.
Daniel Jenkins
oligarchs figured out you can just buy out competitors and underpay people and they have no choice
Nolan Thompson
Dems are the only ones who ever brought the deficit down in the last 100 years
Lincoln Smith
The New Deal was never consistent with The Constitution For These United States of America, but since they did away with that document in 1871 and introduced alongside their incorporation of US government entities, a set of very malleable corporate bylaws, you may have heard of The constitution of the united states.
Gavin Ramirez
The collapse of Bretton Woods and start of full government fiat enabling central bank ponzi but you knew that.
Fuck off tourists.