Re:Why inflation is not a threat
by marcosdumay on Sunday March 14, 2021 @10:34AM
(#26455762)
What is the arrow supposed to represent there? Nothing interesting seems to change at the arrow point, except for inflation.
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Obviously it represents the point where productivity increased but real wages remained stagnant. I think you’re purposely pretending not to understand it though.
Re:Why inflation is not a threat
by colanderman on Sunday March 14, 2021 @12:05PM
(#26456419)
On half those graphs the arrow points to an arbitrary "knee" on an exponential function. It's a graphical version of the Gish Gallop [1] and conspiracy-theory "it makes you think!" arguments. Explanation is definitely warranted.
Except there are numerous flaws with the construction of that graph:
https://economicsfromthetopdown.com/2020/01/17/debunking-the...
Re:Why inflation is not a threat
by marcosdumay on Sunday March 14, 2021 @07:21PM
(#26460546)
It's some 2 to 4 years off the end of the correlation on that first graph.