tag:blogger.com,1999:blog-4900303239154048192.post6549258693612762014..comments2024-03-06T06:34:42.881-05:00Comments on EconoSpeak: Stephen Moore Declares a North Carolina MiracleUnknownnoreply@blogger.comBlogger2125tag:blogger.com,1999:blog-4900303239154048192.post-14503472303819680822016-08-22T07:29:44.867-04:002016-08-22T07:29:44.867-04:00"I guess the Wall Street Journal will publish..."I guess the Wall Street Journal will publish even the dumbest of dishonesty."<br /><br />Isn't that kinda their specialty in the opinion pages?John Quickhttps://www.blogger.com/profile/00596103066078772531noreply@blogger.comtag:blogger.com,1999:blog-4900303239154048192.post-51106083313333160032015-06-06T12:21:38.210-04:002015-06-06T12:21:38.210-04:00"Average" wages are greatly skewed by hi..."Average" wages are greatly skewed by high-income earners (say there are two people in the labor force, and one earns 10k a year and the other earned 10 million a year). <br /><br />A "median" wage (hourly, weekly, annual) would be a better measure, as it shows where the real middle is. I'd bet it would be very hard (for the vast majority of people) to find a job for $21 an hour in North Carolina or anywhere else in the U.S.<br /><br />According to wage data from Social Security, the "median" wage in the U.S. is $28,031 a year.<br />http://www.ssa.gov/cgi-bin/netcomp.cgi?year=2013<br /><br />The St. Louis Fed says the median weekly wage is $341 a week (less than what the SSA reports).<br />http://research.stlouisfed.org/fred2/series/LES1252881600Q<br /><br />But the BLS reports: "Median weekly earnings of the nation's 107.2 million full-time wage and salary workers were $808 in the first quarter of 2015.<br />http://www.bls.gov/news.release/wkyeng.nr0.htmBud Meyershttps://www.blogger.com/profile/02065020063363023395noreply@blogger.com