Saturday, November 26, 2016

My list is more fairer than your list

Mark Thoma at the Fiscal Times, doing the economists mea culpa:
After the positive employment report last week, we are hearing that faster wage growth may be “around the corner.” This is not the first time this hope has been raised, but workers have not yet realized significant gains. Will this time be different? The average hourly wage is up 2.6 percent relative to a year ago, and there are some signs of wage acceleration in recent months. However, part of the increase appears to be a shift from health care benefits to wages so the gains up to this point have not been as large as statistics on wage growth alone suggest.
If there is acceleration in wage growth that is not offset by a further decline in benefits, it would certainly be a welcome change from the wage stagnation and rising inequality that workers have experienced in recent decades. But faster wage growth won’t solve the problem of rising inequality on its own. We have had many periods over the last several decades when wages began growing faster as the economy reached full employment, yet inequality continued to increase.
Readthe aticler, my bot found yhe 'list of more fairer things' at paragraph 10 and 11.

I will put up a quick one.

How do we know that medical care is more fairer than food more fairer than housing and all equally fairer among generation?  I can give you trades where  a parent would forgo six months of health care if it got their children a down payment on a home.  We can go all magic walrus and claim that at infinity, they all fairer stuff have the same priority.  I don't have that luxury, I have to compare your list of more fairer with the other person's list of more fairer.

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