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Originally posted by Tables R Us
Mean (or "average") wages is a highly deceptive concept. Mean wages are skewed upward by highly compensated persons.
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That is why I asked if anyone has split it into quintiles. What has happened to the average wage of a worker in the bottom one fifth of the salary scale? What has happened to the average wage of a worker in the middle fight of the salary scale. The term "Median" is too easy to manipulate by statisticians on both the left and the right.
Quote:
Originally posted by Tables R Us
Give a Democrat president some time, and with advice of left-wing economists like Harvard professor Richard Freeman, you'll see good effects from imposing trade barriers.
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In other words you can't cite one example where a country has imposed "retalitory" tariffs that have brought a net economic benefit to the country.
The last Democrat president we had, as far as I know, didn't raise any tariffs. He only reduced them. In fact, he kept renewing China's MFN status (eventhough, when running against the current president's father, he promised not to).
What makes you think his wife will be any different? I believe she voted for CAFTA.
