Tag Archives: real wage

Continuation.Bill Mitchell – billy blogPuzzle: Has real wages growth outstripped productivity growth or not? – Part 2Bill Mitchell | Professor in Economics and Director of the Centre of Full Employment and Equity (CofFEE), at University of Newcastle, NSW, Australia

I am currently working through the entire Commissaire Maigret detective series written by Belgian author author Georges Simenon. I read a lot as I travel around and I have 74 (out of 75) Maigret novels to read. But don’t let that fool you, I am already becoming familiar with Maigret’s forensic way of thinking (-:. So for the next two blog posts we will be conducting a forensic examination of data to solve a puzzle that appears to be confusing people. This is the sort of puzzle that people...

Don't celebrate the recent expansion yet. The economic numbers look good — until adjusted for inflation.The real wage is falling. Workers are becoming worse off economically in real terms even with nominal wages improving somewhat but not substantially. They falling further behind than they were before the expansion in terms of purchasing power.Occasional Links & Commentary“Don’t class warfare me”David F. Ruccio | Professor of Economics, University of Notre Dame

Before you go get all excited about 4% GDP — if you are a worker or live on a fixed income.EconospeakReal Wages DeclineJ. Barkley Rosser | Professor of Economics and Business Administration James Madison University