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When will republicans claim the economy is booming?

Discussion in 'Too Hot for Swamp Gas' started by citygator, Nov 6, 2024.

When will the Republicans claim the economy is great?

  1. Starting today

    8 vote(s)
    25.0%
  2. By January

    6 vote(s)
    18.8%
  3. Q1 2025

    12 vote(s)
    37.5%
  4. End of 2025

    6 vote(s)
    18.8%
  5. Never - everything sucks

    0 vote(s)
    0.0%
  1. dangolegators

    dangolegators GC Hall of Fame

    Apr 26, 2007
    Yes you're growing nominal wages faster than inflation. In your chart nominal wages are up 28% and inflation (prices) are up 25%. That means real wages are up around 3% (28-25). So nominal wages increased faster than inflation (28% to 25%). But real wages did not (3% to 25%).

    The original claim was about real wages growing faster than inflation. I was trying to point out that that's kind of a nonsensical thing to say because inflation is already factored in to real wages.
     
  2. citygator

    citygator VIP Member

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    I guess I wasn’t following because no one talks like that. Real wages are up because wages outpaced inflation. You’re right comparing the real wage percentage to anything other than itself over time is meaningless.
     
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  3. g8trjax

    g8trjax GC Hall of Fame

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    Jun 1, 2007
    LOL shocker, rich too hot libs don't get the working middle class struggle.
     
    • Agree Agree x 1
  4. citygator

    citygator VIP Member

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    Here’s a shocker: Rich too hot libs about to make out like bandits over the middle class. They will be better off with Obamacare repealed, top tier tax rates cut, and corporate taxes cuts.
     
  5. dangolegators

    dangolegators GC Hall of Fame

    Apr 26, 2007
    Yes, I did a poor job of explaining it. The statement 'When real wages start rising above the rate of inflation' is nonsensical. You would either say 'When wages start rising above the rate of inflation' or 'When real wages start rising', which both mean the same thing.

    And of course wages have been rising faster than inflation. If he's waiting for real wages to rise faster than inflation rate he'll be waiting a long time.
     
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  6. citygator

    citygator VIP Member

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    Totally get it now.