[OPE-L:2914] RE: Defining real wages

Michael Perelman (michael@ecst.csuchico.edu)
Wed, 28 Aug 1996 14:15:21 -0700 (PDT)

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The real wages question is very political. Right now the government
is trying to change the consumer price index to save on social security
and the like.

Doug Henwood has done a wonderful job showing that they point
to whatever will make the cpi lower and ignore the rest.

Michael Perelman
Economics Department
California State University
Chico, CA 95929

Tel. 916-898-5321 E-Mail michael@ecst.csuchico.edu