Why The BLS Jobs Count Is Inflated: Per Capita Real Incomes Are Punk, The Kids Are Still In The Basement

Despite any intent, the revisions to wages and real incomes that I highlighted yesterday actually go a long way toward providing an explanation for other “aberrations” that still exist. The primary problem I have with accepting the mainstream version of economic events, particularly that of the Establishment Survey, is that the labor force is still [...]
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