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Joe Weisenthal @TheStalwart · Dec 14, 2021
  • From Twitter

Good thread here from @stevehouf. Even by mainstream economists' own terms (which are debatable), it's unclear what the big source of anxiety is

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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Joe Weisenthal @TheStalwart · Dec 10, 2021
  • From Twitter

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 )
Post Add to Collection Mark as Completed
Recommended by 1 person
2 mentions
Share on Twitter Repost
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