Have you wondered why the recovery hasn't felt much like one? Stagflationary Mark demonstrates why with this custom FRED graph of real wage and salary disbursements per capita (February 2013 dollars).
Mark often superimposes a trend line curve on the underlying data, but didn't this time. No matter - it's easy to eyeball an exponential trend with an asymptote somewhere around $23,000.
So -- Where IS our recovery? I've been wondering for a long time.
Friday, April 12, 2013
What The Hell ?!? Friday - Dude, Where in the Hell is my Recovery? Edition
Labels:
disappointment,
economics,
great stagnation,
we are so screwed
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3 comments:
I thought about adding trend lines but decided simpler was better this time.
I almost added lines showing the recovery after 1980, after 1990, after 2000, and after 2010. That had a nice ring to it.
I would have changed the name of the post as well..
One of These Trends Is Not Like the Other Trends, One of These Trends Just Doesn't Belong!
Seemed to wordy, lol. Sigh.
I think you have two sites? I am lost :)
I do, I do.
JzB
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