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The New DU. Reply #22: It's "in real terms" - I don't speak Economist, but I think that means it's adjusted.
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Donald Ian Rankin
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Sat Dec-16-06 07:47 PM
Response to Reply #7 |
| 22. It's "in real terms" - I don't speak Economist, but I think that means it's adjusted. |
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On the other hand, it's not clear to me *whose* wages have risen by 2.3% - if that's an increase in mean national income or some such then it means very little without knowing how it's distributed.
On the other hand, the fact that he's talking about "wages" and "working families" may imply that it isn't, in which case it is good news.
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