tag:blogger.com,1999:blog-1141932539860553199.post2810207774221672381..comments2024-03-05T10:52:24.691+00:00Comments on Mark Wadsworth: Fun with numbers: Falling unemployment vs falling median wages.Mark Wadsworthhttp://www.blogger.com/profile/07733511175178098449noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-1141932539860553199.post-47377198875912567202017-03-16T09:43:11.234+00:002017-03-16T09:43:11.234+00:00BF. Absolutely. I liken the BoE and its cronies t...BF. Absolutely. I liken the BoE and its cronies to the Medieval Catholic Church. It's now 'Davos Man'. They are all universally trained in the same way to speak the same language to control the argument. And like the Mediaeval Catholic Church they are just as wrong. Their whole faith is based on fallacies.Lolahttps://www.blogger.com/profile/04586735342675041312noreply@blogger.comtag:blogger.com,1999:blog-1141932539860553199.post-75361798529242853142017-03-16T08:15:21.523+00:002017-03-16T08:15:21.523+00:00BF, that is a very good point,
It's probably...BF, that is a very good point, <br /><br />It's probably true that wages have risen slightly faster than CPI or RPI, but are falling relative to the HPI. <br /><br />The simplest kind of HPI is based on rent paid, and usually rents rise faster than wages (the last year has been a welcome exception).Mark Wadsworthhttps://www.blogger.com/profile/07733511175178098449noreply@blogger.comtag:blogger.com,1999:blog-1141932539860553199.post-54613827128786231852017-03-16T00:36:55.272+00:002017-03-16T00:36:55.272+00:00Hi Mark.
I never like to see any figures that use...Hi Mark.<br /><br />I never like to see any figures that use anything based upon inflation figures for comparison purposes. The main inflationary good experience by workers is land, and inflation figures do not reflect this.<br /><br />Accepting these at face value is letting the BoE shape our vocabulary, building a fake set of axioms that then allow them to control the argument.<br /><br />What do you think about this? I feel that the financial vocabulary has an implicit set of affirmations that make it hard to then argue against it in *their* language.Ben Fhttps://www.blogger.com/profile/13760806340684934435noreply@blogger.comtag:blogger.com,1999:blog-1141932539860553199.post-85020389245461316272017-03-15T21:45:56.669+00:002017-03-15T21:45:56.669+00:00L, sort of, but self employed income is recorded g...L, sort of, but self employed income is recorded gross of class 4 NICs. Wages are reported net of employer's NICs.Mark Wadsworthhttps://www.blogger.com/profile/07733511175178098449noreply@blogger.comtag:blogger.com,1999:blog-1141932539860553199.post-39725537174344043392017-03-15T18:56:17.513+00:002017-03-15T18:56:17.513+00:00Hence reinforcing my point about spreadhsit phil&#...Hence reinforcing my point about spreadhsit phil's budget NICsLolahttps://www.blogger.com/profile/04586735342675041312noreply@blogger.com