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How have these 'real wages' been calculated?

Posted by: DonS ( USA ) on September 03, 1999 at 11:21:26:

In Reply to: Falling American Wages posted by Nikhil Jaikumar on August 25, 1999 at 14:26:49:

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: : Don: Certainly where I live, the economic situation seems great. What data do you have for US wages, etc.? I believe that wages continue to go up, and that employment is low.
: real median wages have stagnated since the mid-70s, and working class wages have fallen.
How have these "real wages" been calculated?
Everyone I know has a higher standard of living now than they did in the '70s.

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Corrected for inflation Nikhil Jaikumar DSA MA, USA September 03 1999 (0)