tag:blogger.com,1999:blog-6685155377705481833.post4068381686982517296..comments2023-09-22T03:17:50.469-04:00Comments on Middle Class Political Economist: Labor Day: U.S. Wages Trail 10 OECD Countries, but with Higher Unemployment than 9 of ThemKenneth Thomashttp://www.blogger.com/profile/05747704671007690674noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-6685155377705481833.post-57503823890041380842012-09-12T14:00:56.677-04:002012-09-12T14:00:56.677-04:00It's impossible to understand real wage behavi...It's impossible to understand real wage behavior without having a better understanding of economic growth. Alex Gheg has a new consumer theory that gives us a scale for growth that measures previously hidden thoughts. We can measure utility growth. Real wages have been rising rapidly despite the stagnation myths in the data. A new framework is needed for growth accounting. Quantity, quality, variety and convenience in one equation. http://www.youtube.com/watch?v=u6tFLGpcOpEMrIlirhttps://www.blogger.com/profile/11613313452071283534noreply@blogger.com