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[USER=4891]@IFocus[/USER] was talking about what you get paid - a nominal amount that appears in a wages packet (of bygone years) - and that's not inflation adjusted, so stop looking for a new tack.None of your charts used the correct metric, and those you posted were contradictory, so I suspect you had no idea that the capital component of income increased under Hawke, leading to the labour component falling.As a metric the concept of real wages has been overtaken by the more rigorous Wages Price Index and I tabled that above.Hawke's period oversaw massive economic changes and I know because I worked in Canberra while he was PM, including several years as a labour economics analyst, so I know this topic inside out. I can only suggest that next time you post charts you have a better idea of what they show.
[USER=4891]@IFocus[/USER] was talking about what you get paid - a nominal amount that appears in a wages packet (of bygone years) - and that's not inflation adjusted, so stop looking for a new tack.
None of your charts used the correct metric, and those you posted were contradictory, so I suspect you had no idea that the capital component of income increased under Hawke, leading to the labour component falling.
As a metric the concept of real wages has been overtaken by the more rigorous Wages Price Index and I tabled that above.
Hawke's period oversaw massive economic changes and I know because I worked in Canberra while he was PM, including several years as a labour economics analyst, so I know this topic inside out.
I can only suggest that next time you post charts you have a better idea of what they show.
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