Quote:
Originally Posted by dylbert
This has been an interesting early morning read. Thread begins with 'study' that most academics would consider suspect, if not outright invalid. Extrapolating findings from median values is folly.
35 years ago I was graduate student in economics at a well-known US university. My graduate assistant stipend, $175 per month, was mostly funded by two 'studies'. One study measured the impact of new navigable waterway system on rural unemployment in Mississippi & Alabama. The second one trained government workers on how to run 'Comprehensive Education & Training' programs. Both studies were funded through grants from US government.
Corps of Engineers wanted study that showed that new waterway system lowered unemployment. We delivered one. Carter Administration wanted to create new training & employment programs. We delivered training on how to startup & fund programs in rural South.
My point is give an academic a grant and you will get answer you want! Give these quasi-government think tank outfits money and they too will provide answer you want. And with today's technology, most anyone can mashup 'facts' from any number of 'studies' to support any argument or cause.
So find a study, start thread, and watch the fun begin!
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I suppose one can disregard the particular study.
However, the point remains that wages have stagnated for most, and have risen quite dramatically for a few.
Theres also the pesky fact that corporations are rolling in profit, while taxpayers subsidize their low pay to the very people doing the work that makes them all that money.