Wages & Inflation: 20 years
Michael Panzner observes that while wages have kept pace with the cost of many goods and services over the past 20 years, Housing, Higher Education, and Medical Care are what are squeezing consumers.
Its pretty astounding that Energy doesn't make the top 3 over 20 year period.
click for larger chart:
Chart courtesy Michael Panzner, Rabo Securities
I imagine the graphic would look quite different over a 3 or 5 year period
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» Wages & Inflation from None of Your Business
Wages & Inflation is a big topic in economics. This article seems to forget the real value of money however. Even though wages might be keeping up with the CPI, there are things that the CPI doesn't consider. The most telling thing about the graph in t... [Read More]
Tracked on Jul 14, 2005 9:23:10 AM
This is great evidence towards why the middle class is an endangered species in the United States. Housing and higher education in particular are the sine qua non of middle class status. As these are priced out of range, the class suffocates for lack of oxygen.
Posted by: General Glut | Jul 13, 2005 10:03:27 AM
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