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To: jwalsh07
Median wage has gone down along with purchasing power.

You may be referring to your own private database but most folks in the U.S. use a standard measure that shows median household incomes are at an all time high.  Of course there's inflation, and real median household incomes are no where near the all time high back in '99 although they've been coming back up slightly in the past couple years.  If you agree that real wages are down in spite of their flat nominal levels then that's exactly what the Beige Book was saying.

22 posted on 09/03/2015 7:32:36 AM PDT by expat_panama
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To: expat_panama

Writing a declarative sentence that median household incomes are at an all time high with snark about my “private database” is exactly the sophistry the Fed engages in.


26 posted on 09/03/2015 9:30:57 AM PDT by jwalsh07
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