Macro Thought from a Micro Observation
Posted in Economic Illiteracy, Economists, Fun Facts on Nov 23rd, 2014
Since 2006, my nominal wage has fallen by a total of 6.5% or about 0.8% per year compounded. I would note that my compensation has probably remained flat. The average price level has increased by about 18% over this time period. Therefore, my real wage today is about 25% lower than it was in 2006. Without my commentary on […]