DiscussWorldIssues - Socio-Economic Religion and Political Uncensored Debate - View Single Post

**tobaccoman** · 09-09-2006, 10:39 PM

Originally posted by Kuciwalker
As Oerdin pointed out, total average wages can be increasing whiole decreasing in real terms for most people.

And the numbers DanS gave showed that's not what's happening. No, he only said that wages have increased 6.9% per annum since 1970. That says nothing about who is getting the wage increase. Remember the adage that if you stand next to Bill Gates, the two of you have an average wealth of $20 billion. Same principle applies.

Nor does it say how the wages have increased, as expendiatures of for the individuals receiveing the wages. Without more data, it doesn't mean very much.

09-09-2006, 10:39 PM	#6
tobaccoman Join Date Oct 2005 Posts 358 Senior Member	Originally posted by Kuciwalker As Oerdin pointed out, total average wages can be increasing whiole decreasing in real terms for most people. And the numbers DanS gave showed that's not what's happening. No, he only said that wages have increased 6.9% per annum since 1970. That says nothing about who is getting the wage increase. Remember the adage that if you stand next to Bill Gates, the two of you have an average wealth of $20 billion. Same principle applies. Nor does it say how the wages have increased, as expendiatures of for the individuals receiveing the wages. Without more data, it doesn't mean very much.
	Quote