the bls website ( http://data.bls.gov/PDQ/servlet/SurveyOutputServlet ) showing average hourly wages for the year of 1999 says
|
Jan |
Feb |
Mar |
Apr |
May |
Jun |
Jul |
Aug |
Sep |
Oct |
Nov |
Dec |
|
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
1999 |
0.06 |
0.03 |
0.04 |
0.04 |
0.05 |
0.04 |
0.05 |
0.03 |
0.06 |
0.03 |
0.02 |
0.04 |
to me this would mean that if a wage was 5.00/hr at the beginnign of 1999 then at the end of 1999 the wage would increase about .5 percent…can anyone confirm that??
the bls website showing the cpi for 1999 says
| 0.2 | 0.0 | 0.1 | 0.7 | 0.1 | 0.0 | 0.4 | 0.2 | 0.4 | 0.2 | 0.2 | 0.2 jan thru december… |
|---|
a total increase of about 2.2 percent for the entire year?
first…is this data true??? are these legitimate bls websites.
if others believe this info to be true…wouldnt that indicate that the cpi for 1999 increased at a faster rate than the average hourly wage???
over 3 times as much???
would that info be at odds with this excerpt form a mises blog post
"when prices are adjusted for inflation, Americans today spend '40% less on clothes, 20% less on food, more than 50% less on appliances, about 25% less on owning and maintaining a car’than they did during the early 1970s. "