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I'm afraid I don't fully understand the graph, but I would say the gross wages went upt from 1991-2007, but net wages barely moved, therefore underpinning my point that taxes and social transfers (from income from emplyoment!) actually increased!
by crankykarsten (cranky (where?) gmx dot organisation) on Thu Mar 18th, 2010 at 12:07:26 PM EST
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I'm afraid I don't fully understand the graph

Try this: real wages (whether gross or net or 'total compensation') peaked in 2003, so they have not kept up with GDP growth.

The brainless should not be in banking -- Willem Buiter

by Migeru (migeru at eurotrib dot com) on Thu Mar 18th, 2010 at 12:12:34 PM EST
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