Reply #32: Your example shows nothing whatsoever [View All]

[unlawflcombatnt]

Your example shows nothing whatsoever. Consumer income finances consumer spending, which creates consumer demand for production. You wouldn't have invested a penny if you weren't anticipating sales of your products.

Also, I am referring to aggregate consumer income, and aggregate demand for production. Aggregate consumer spending and demand are limited by consumer income. That's why I mentioned it here. The wage decline refers to "overall economic trends."

I'm surprised at your statement about being unaware of recent "real" wage declines. This information is readily available to the public. I've posted the links for this at least 10 different times on DU. You can see the "recent 'real' wage declines" at the United States Bureau of Labor Statistics at the links below.

"Real" average hourly wages are at:
http://data.bls.gov/PDQ/servlet/SurveyOutputServlet?data_tool=latest_numbers&series_id=CES0500000049

"Real" weekly earnings are at:
http://data.bls.gov/PDQ/servlet/SurveyOutputServlet?data_tool=latest_numbers&series_id=CES0500000051

As you can see from these charts, "real" wages have declined in both hourly wages and weekly income.