CEPR - Center for Economic and Policy Research


En Español

Em Português

Other Languages

Home Publications Blogs Beat the Press Bernanke Thinks that Wages Are Rising?

Bernanke Thinks that Wages Are Rising?

Tuesday, 03 August 2010 05:00
The NYT headline told readers that, "Bernanke Says Rising Wages Will Lift Spending." Real wages have been virtually unchanged over the last year. Let's hope that the NYT got the story wrong and that Bernanke knows this.
Comments (8)Add Comment
freud would be better fed chair
written by frankenduf, August 03, 2010 8:03
may be classic projection faux pax- bernanke got a raise (by virtue of not being unemployed after 'failing upwards' and keeping his position), so he figures everyone else is, too
written by Queen of Sheba, August 03, 2010 9:38
Richard Berner, Morgan Stanley Managing Director & Chief U.S. Economist, is now testifying before the deficit reduction commission, and he's saying the same thing as Bernanke, that is, wages are rising and will lift future spending, however long-term solutions for cutting the deficit will require biparisan solutions.

What planet are these people living on? In what universe are wages rising - whose wages and in which economic sectors? Maybe these folks are totally blindness to any sector past Wall Street. And expecting bipartisanship to produce anything approaching "solutions" is utter fantasy. Drivel - or wishful thinking.
written by izzatzo, August 03, 2010 10:00
Buncha socialist whiners you are, no appreciation whatsoever for how well off you are. Have any of you commie redistributionists even bothered to check on the sharply declining unit cost of computer storage memory rather than go on about stagnant wages?

Do you scabs even realize this potential of advanced capitalism? In economics, it's called the substitution effect, benefitting from a substitute towards the same use value at a lower cost cost.

Your wages may be the stagnant, but the memories, oh the memories, with all the cheap storage they can now be saved 24/7 and enjoyed repeatedly on demand, especially with all the extra leisure time now available. Particularly poignant are the emotional close-ups of people standing in food stamp and unemployment lines who used to have any wages at all.
written by Abigail, August 03, 2010 3:39
But wait, wages within the federal government are indeed increasing of late - in fact, quite dramatically. Perhaps Ben hasn't ventured much outside the beltway.
subjunctive needed?
written by Melissa, August 04, 2010 8:02
Perhaps the NYT writers don't know the difference between the indicative and subjunctive, and meant to write "would" instead of "will"?
nike shox shoes
written by nike dunks , August 12, 2010 4:17
Some mens nike shox r4 are hard while some are soft, everything is done keeping in mind the need for the sports for which nike dunk sb is being used.
timberland shoes store
written by timberland for you , September 11, 2010 3:43
Tucked away in our timberland for you subconscious is an idyllic vision. We see ourselves on a long trip that timberland 6 inch spans the continent. YQ
Our Website is full of Fashion clothing and brand shoes; including Nike Air Max ,Air Jordan Shoes, Sexy Bikini, Polo Shirts, Timberland Boots, Moncler Jackets etc..They have high quality upper materia
written by air max shoes , November 08, 2010 1:32
Our Website is full of Fashion clothing and brand shoes; including Nike Air Max ,Air Jordan Shoes, Sexy Bikini, Polo Shirts, Timberland Boots, Moncler Jackets etc..They have high quality upper materials, unique design, a variety of colors, comfortable, easy to you. With authentic products and a sophisticated customer service system, Clothshoe has earned the best reputation among the online Nike Sneakers and Brand Boots stores. Clothshoe is a well managed corporation and the one company you can trust with all your athletic and collectible shoes needs. You never need to browse the whole mall and wait in line at a crowded store to deal with bored or pushy sales people in order to get the latest and hottest styles. Fast Shipping 3-9 Work Days To Your Door.http://www.nikeairmaxzone.com/site_map.html , guarantee 100 % secure payment. Our Nike air max throughout the world with authentic quality and with extremely competitive prices. 40-70% Off. Cheap Air Max, http://www.clothshoe.com/ Free Shipping!

Write comment

(Only one link allowed per comment)

This content has been locked. You can no longer post any comments.


Support this blog, donate
Combined Federal Campaign #79613

About Beat the Press

Dean Baker is co-director of the Center for Economic and Policy Research in Washington, D.C. He is the author of several books, his latest being The End of Loser Liberalism: Making Markets Progressive. Read more about Dean.