Post by Joe Weisenthal: Good thread on the problems with measuring “real wages” - Upcarta

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Joe Weisenthal @TheStalwart · Dec 10, 2021

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Good thread on the problems with measuring “real wages”

Tweet Dec 10, 2021

THREAD (1/4): Price inflation can hurt but "real wage" is not a great gauge: 1. Consumption heterogeneity: We measure “real wages” top-down, not bottom up. We do measure financial balances bottoms-up: allows us to compare effect of prices on expendit

by Skanda Amarnath ( Neoliberal Sellout )

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