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Real Wages vs. CPI

Real Wages vs. CPI

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cognitivist posted on Sun, Aug 15 2010 1:06 PM

What sort of policies should the United States government or private enterprises follow in order to keep real wages at pace with CPI?

"If you want to lift yourself up, lift up somebody else." Booker T. Washington
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Sieben replied on Sun, Aug 15 2010 1:14 PM

They should ignore the CPI. It is changed every year to underreport inflation of consumer goods. Even indexing wages with an objective CPI is undesirable. Capitalism raises real wages; it does not keep them constant. The CPI is an excuse to rob you of ever increasing market output.

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cognitivist replied on Sun, Aug 15 2010 1:55 PM

...By investing I rob market output? You can either act as a wealthy redistributor voluntarily in the stock market or in the company as an involuntary one. Sorry if I'm stiff to conspiratorial attitudes.

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Sieben replied on Sun, Aug 15 2010 2:09 PM

cognitivist:
...By investing I rob market output?
I didn't say that.

cognitivist:
You can either act as a wealthy redistributor voluntarily in the stock market or in the company as an involuntary one
I'm saying that no price, charity/wages/etc should be pegged toa  CPI.

cognitivist:
Sorry if I'm stiff to conspiratorial attitudes.
its out in the open. Googol CPI manipulation for more hits.

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cognitivist replied on Sun, Aug 15 2010 2:12 PM

I see. I like the price of commodities approach almost instantly better than CPI.

"If you want to lift yourself up, lift up somebody else." Booker T. Washington
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