Many Bitcoiners have seen or shared around the images that show Labour Compensation (wages and other benefits) diverging from Labour Productivity since 1971, particularly from sites such as wtfhappenedin1971.com. Rejoining me today is Gene Epstein to break down why this chart is flawed! We also talk about broader issues around CPI, whether inflation is over or undercounted, and cost of living pressures that so many people are facing today. The conclusions will surprise you!
We talk:
Labour Compensation and Productivity
Nominal dollars and issues with price indexes
Is CPI overstated?
Are we poorer than we used to be?
Cost of living crisis
Can you make it on a single income these days?
The real problems
https://stephanlivera.com/episode/527/
stephanlivera / Stephan Livera
npub1r8l…x5dk
2023-11-20 13:34:37
Author Public Key
npub1r8l06leee9kjlam0slmky7h8j9zme9ca32erypgqtyu6t2gnhshs3jx5dkPublished at
2023-11-20 13:34:37Event JSON
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"content": "Many Bitcoiners have seen or shared around the images that show Labour Compensation (wages and other benefits) diverging from Labour Productivity since 1971, particularly from sites such as wtfhappenedin1971.com. Rejoining me today is Gene Epstein to break down why this chart is flawed! We also talk about broader issues around CPI, whether inflation is over or undercounted, and cost of living pressures that so many people are facing today. The conclusions will surprise you!\n\nWe talk:\n\nLabour Compensation and Productivity\nNominal dollars and issues with price indexes\nIs CPI overstated? \nAre we poorer than we used to be? \nCost of living crisis\nCan you make it on a single income these days? \nThe real problems\n\n\nhttps://stephanlivera.com/episode/527/",
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