Cras wrote:
Cavey wrote:
For flips sake, it says allowing for inflation, people. I hardly think the ONS are going to make that mistake before making their (crystal clear) assertions. It also says ALL age groups, not just 38 year olds (or whatever). Read it.
As for the ONS being supposedly wrong, well, take that up with them, I've said all I need or want to say about it, case closed.
Nobody's saying it's wrong. That report is just irrelevant to the topic.
Here's what I said:
Quote:
Are we seriously arguing that normalised, mean wages haven't increased from the 1980s?
Here's a typical responses:
Quote:
Hahaha! Anecdote = fact it seems.
Quote:
They haven't, they've actually gone down a little
Quote:
This is an amazing post. I might print it out and frame it. Bravo.
And yet, here's what the ONS have to say, as quoted:
Quote:
Rather than track a cohort over time it is also possible to look at a snapshot of earnings in any particular year. In 1975 the median wage, the value at which half of employees earned less and half earned more, was £6.17 (in 2013 prices). By 2013 the median had risen to £11.56 per hour, an increase after taking account for inflation of 87%.
Looking across the age range we can see that for all age’s employees in 2013 on average earned more than their counterparts within the same age group did in 1975.
Note the
near doubling of
inflation adjusted median wages and ALL AGES employees on average earning more than mid-70s counterparts. ALL.
Of course, any reasonable person, a gentleman, might say "... yeah, fair do's Cavey, that's fair comment", but that's having a laugh isn't it? For once, though, I honestly don't mind because the evidence is *so* unequivocal and the egg on faces is reaching truly epic proportions given all the trolling and suchlike, it doesn't matter what you, or anyone else says.
Quote:
It talks about earnings growth for people who reach the age of 39, having been 21 in 1995. It doesn't even slightly touch on disposible income or even earnings for those who are currently 18-21.
Except it very much does talk about the significantly increased, inflation adjusted earnings of ALL age ranges (by definition including the early 20s whom I was referring to), as per above, as clearly the case even in my summary bullet points posted, let alone the actual linked document! You may also find Figure 1 on page 3 of the pdf quite informative; this shows a clearly enhanced real-terms increased median wage for the early 20s etc etc.
In the nicest possible way I have better stuff to do than to try to argue white is white with you guys so either believe it, or not, I really don't care.
_________________
Beware of gavia articulata oculos...
Dr Lave wrote:
Of course, he's normally wrong but
interestingly wrong
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