Re:Global capital is the tail that wags the U.S. economic dog
by LudwigNagasena on Friday October 02, 2020 @02:27PM
(#24665495)
Nominal wage is almost meaningless. Using something simple but meaningless instead of something meaningful but harder to calculate is nonsensical.
Wage in currency is a lot simpler. The only real manipulation possibility is currency value and some minor tinkering in the definitions.
[1] For example a major criticisms of the euro-zone inflation index is that it excludes housing cost: https://en.wikipedia.org/wiki/Harmonised_Index_of_Consumer_P...