BonesOfTheMoon@lemmy.world to Political Memes@lemmy.world · 12 days agoConservatives don't understand how to human.lemmy.worldimagemessage-square160fedilinkarrow-up11.55Karrow-down126
arrow-up11.53Karrow-down1imageConservatives don't understand how to human.lemmy.worldBonesOfTheMoon@lemmy.world to Political Memes@lemmy.world · 12 days agomessage-square160fedilink
minus-squareObjectivityIncarnate@lemmy.worldlinkfedilinkarrow-up3·11 days agoTL;DR: The EPI graph isn’t measuring productivity vs. pay, even for “typical workers”; it’s measuring wage inequality, and images like these are the visual equivalent of out-of-context half-truth soundbites: https://www.reddit.com/r/badeconomics/comments/6rtoh4/productivity_pay_gap_in_epi_we_trust/
minus-squareSSJMarx@lemm.eelinkfedilinkEnglisharrow-up1arrow-down2·11 days ago a bunch of bullshit Economists aren’t serious people, they’re priests who worship their idealized version of the market.
TL;DR: The EPI graph isn’t measuring productivity vs. pay, even for “typical workers”; it’s measuring wage inequality, and images like these are the visual equivalent of out-of-context half-truth soundbites:
https://www.reddit.com/r/badeconomics/comments/6rtoh4/productivity_pay_gap_in_epi_we_trust/
Economists aren’t serious people, they’re priests who worship their idealized version of the market.