BAGS AND CARTONS OF AIR

                                                                                                                                                                                                                                                                          
Now we realize that everyone does not through the glass see clearly. That's a polite way of saying we're never all going to agree about anything.

We just posted a piece about flat wages and the costs of energy and food. Buy a bag of, say, potato chips today and compare the contents with one you bought a few years ago.

Forget the price you pay at the counter. That's only one way inflation impacts you. Just compare the contents, in this case how much air was in the old bags versus how much is in there today. Try the same with a carton of orange juice.

Now back to everyone not agreeing. We've stated many times before we seek out information from those who may have a completely different opinion from ours. We like to call that being objective with the faint possibility of learning something sprinkled in for fun.

And about those flat wages for the middle class, here's a rather long article. If you take the time to burrow through it, you most likely will come to your decision on the subject. It might differ from ours or it could agree. Either way you'll come away more informed. And that's worth more than even the value you got in those old bags of chips and cartons of OJ.

Now we realize it's not going to be as exciting as who wins the World Cup or, even more important, who's the lucky guy who's going to be Kim Kardashian's next hubby.

But as they say: "Ain't love grand!"
                                                                                                                  
http://globaleconomicanalysis.blogspot.com/2014/06/real-and-unreal-wages-five-decades-of.html