(09-18-2019 10:27 AM)OptimisticOwl Wrote:  

(09-18-2019 07:10 AM)RiceLad15 Wrote:  

(09-17-2019 11:22 PM)OptimisticOwl Wrote:  

(09-17-2019 11:12 PM)RiceLad15 Wrote:  

(09-17-2019 08:21 PM)OptimisticOwl Wrote:  Lad is the proponent of the "nothing has changed...ever" school of economic thought.

https://data.bls.gov/timeseries/CES0500000008

From Lad's link.

That data doesn’t account for inflation. The link I provided showed graphs that used the data and did account for inflation.

You sure put a lot of faith in inflation. That graph shows wages up 28.2% in the 10 years plus on the graph.

Now find me something that says inflation is up 28.2% for the same period.

OO - it would probably help your arguments if you actually looked at data. The annual inflation rate over the last 10 years was 1.54% (I think - I did the math mentally). Using that average rate, and compounding it year over year, that is a 16.5% increas based on inflation. But I’ve been talking about decades, not just the last decade, which starts in the middle of the Great Recession (and in a year with deflation) when wages were suppressed. You can run the 20 year numbers - too early for that mental math.

As I said to Tanq, a 3% increase in real wages in 20 years is pretty darn flat. If you want to argue that it isn’t, feel free to.

https://www.usinflationcalculator.com/in...ion-rates/

Yeah, I have been looking at data, but your sneering superiority is noted.

One article I noted showed that over the exact same period as the graph, inflation was a cumulative 21.2% - lees that the 28.2%, Not sure what stagnation means to an engineer, but it mean to me that wages stayed the same.

Another that I looked at tracked the inflation year for year. For the the three years of Trump's administration, inflation has been steadily down: 1.9, 1.7, 1.5. Wages are steadily up, as noted elsewhere, an average of 2.7%. The lines are diverging. Again, not my idea of stagnation.

But in the end, what does it matter? The stagnation you brought up was an excuse for modern kids to not leave home, to stay with mom and pop. I don't see how that plays. I can't see some 25 YO lying on the couch moaning that it is takes as much in labor to buy a hamburger as it did 45 years ago.

"Stagnant wages, higher costs of living, higher costs of healthcare, etc. have create that situation where living on their own is a lot more difficult." - post 8872

And remember, I was there 45 years ago. They weren't lying on the couch then. I wasn't lying on the couch then. But I am glad to hear (thanks!) that I had it easier than kids today. I guess that excuses their ignorance. Such a tough life.

Your thesis would make my dad puke.

I don't see where I said that my analysis excuses anyone from the millenial of Gen Z generations from working hard. All it does it point out a fact that has significant support - I can keep pulling up more articles that support it if you would like me to.

We can look at the data at hand and comment on it, without jumping to conclusions about what I am trying to suggest about my cohort and their motivations. But it seems like you prefer making this a culture war instead and trying to put words in my mouth. Ironically, I think my cohort is incredibly motivated and generally hard working, but I at least recognize that the hand we've been dealt as two generations has some issues that need to be addressed.

I'm sorry that your dad would puke because someone uses hard data collected over 50 years to make an evaluation of the current state of the country, that has been guided by your generation...

Catch y'all on the flip side.