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Re:Global capital is the tail that wags the U.S. economic dog by dtech on Friday October 02, 2020 @02:14PM (#24665360)
Because purchasing power is quite hard to quantify. It requires you to define a set of goods the "average" consumer uses. This leaves much more wiggle room for manipulation and politicization. [1]

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...

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.