Fake News Reporting Thread

[JohnT]

Well, Im looking at it and, while squinting and holding the chart at varying angles it may be argued that there was a period prior to 1986 where there may have been an inverse correlation between corporate profits and wages at times, one doesn't have to even bother doing a regression analysis to note the long-term trends here.

[self biased]

holy ****, that graph is depressing.

[rah]

I'd like to see some of the numbers behind it. The large increase of low paying service jobs could impact that greatly. But yeah the overall look is quite depressing.

[Proteus_MST]

May have to do with the rising income inequality between the poor and the rich in the USA ... during the 80s it was roughly equivalent to european countries, but since then the income inequality in the USA has skyrocketed

https://money.cnn.com/2016/12/22/new...rse/index.html

[Kidlicious]

Well, Im looking at it and, while squinting and holding the chart at varying angles it may be argued that there was a period prior to 1986 where there may have been an inverse correlation between corporate profits and wages at times, one doesn't have to even bother doing a regression analysis to note the long-term trends here.

You don't know what a LEADING Indicator is.

[JohnT]

... sez the guy who doesn't know the difference between economics and corporate finance...

[rah]

You could have stopped with

sez the guy who doesn't know

Which would cover everything else also.

[Kidlicious]

... sez the guy who doesn't know the difference between economics and corporate finance...

Congratulations on another stupid comment.

[rah]

Which was still 100 times better than your retort.

[Ming]

I love when Kidiot gets schooled yet again
And as you would expect, his only response is to double down on his lack of knowledge or simply post an insult

[Broken_Erika]

Elon Musk Gives Saudi Investors Presentation On New Autonomous Beheading Machine For Adulterers

Bill Belichick Announces This Final Season He Will Coach In Current Mortal Form

Trump Slammed For Signing John McCain Defense Bill Without Praising How Many People It Will Kill

Mayor Of Phoenix Apologizes For Naming Berlin Germany Of 1941 As Sister City

Sarah Huckabee Sanders Unable To Answer Any Questions About Administration After Signing Non-Disclosure Agreement

[pchang]

I love when Kidiot gets schooled yet again
And as you would expect, his only response is to double down on his lack of knowledge or simply post an insult

I think of it as a Rorschach test. Kid sees what he wants to see and it gives us insight into his psychosis.

[JohnT]

So, for ****s and giggles, I went ahead and drew trend lines for every ten year period marked on the above chart. No math, no formulas, no analysis, I merely drew a like-colored line from the beginning of the ten-year period to the end. And I did this on my phone, with my finger, so the results are neither pretty, nor 100% accurate. But it's clear enough what happens and, while it doesn't disprove Kid's assertion (that rising corporate profits are a leading indicator to rising wages) to a degree which I would feel comfortable defending this work for a undergraduate review board, for the purposes of a message board discussion, I'm OK with it.

[Broken_Erika]

It's Reaganomic!

[Aeson]

Its a leading indicator ... and the lemmings will follow it!