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Man, you guys will do anything, including being dense, to draw the conclusions you like. I understand those wages were adjusted for inflation. Listen up:
A = Convenience Store Clerk Job
B = Nordstrom Shoe Salesman
C = IBM Director of Personnel
D = IBM Director of Marketing in North America
Two guys are part of this study. Bob has Job A at the start of the study and at the end of the study, has Job B. Sam has Job C at the start of the study and at the end of the study, has Job D.
Job A is a minimum wage job at the start of the study and at the end of the study. Annual earnings are $12,168 ($5.85 * 2080).
Job B is a commission sales job. Bob earns $36K there (not unsual. I sold shoes at Nordies)
Bob scores nearly a tripling of income. Adjusted for inflation, let's say that's an increase of 180%.
Sam was promoted from Job C to Job D during the study, and now makes $700K instead of only $580K. Adjusted for inflation, that might be a 20% increase.
Let's say that while these two gentlemen were furthering their careers, earnings for convenience store clerks,, Nordstrom shoe salesman and IBM executives were flat. Flat does not keep up with inflation, so in real wages these jobs fell. (this last bit will be important for the quiz question below)
So.....do we conclude that earnings are rising?
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Man of Carbon Fiber (stronger than steel)
Mocha 1978 911SC. "Coco"
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