Row 91406

Row ID: 91406 | Dataset Entry | Axioma AXP Content Repository

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Net income is the wrong word I used, that would be for business accounting, although I imagine people use it interchangeably referring to households as it takes into account all costs, taxes, goods sold, etc. and is the last line item after all those calculations.

Usually household we would call it disposable income.

Recently there has been a lot of talk of real wages increasing recently, so those charts are likely out of date as they appear to end before this year, but still, by what amount has real wages risen does not mean it rises for every person.

I also have a hard time reconciling real wages as a realistic calculation when it uses indexes that don't regularly follow reality of price shocks and often use data that is already a few years old such as the CPI which BLS says lags significantly behind:

>The CPI market basket is developed from detailed expenditure information provided by families and individuals on what they actually bought. There is a time lag between the expenditure survey and its use in the CPI. For example, CPI data in 2022 was based on data collected from the Consumer Expenditure Surveys for 2019.

FieldValue
text Net income is the wrong word I used, that would be for business accounting, although I imagine people use it interchangeably referring to households as it takes into account all costs, taxes, goods sold, etc. and is the last line item after all those calculations. Usually household we would call it disposable income. Recently there has been a lot of talk of real wages increasing recently, so those charts are likely out of date as they appear to end before this year, but still, by what amount h…
label r/economics
dataType comment
communityName r/Economics
datetime 2024-05-25
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Raw Record

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  "text": "Net income is the wrong word I used, that would be for business accounting, although I imagine people use it interchangeably referring to households as it takes into account all costs, taxes, goods sold, etc. and is the last line item after all those calculations.\n\nUsually household we would call it disposable income.\n\nRecently there has been a lot of talk of real wages increasing recently, so those charts are likely out of date as they appear to end before this year, but still, by what amount has real wages risen does not mean it rises for every person.\n\nI also have a hard time reconciling real wages as a realistic calculation when it uses indexes that don't regularly follow reality of price shocks and often use data that is already a few years old such as the CPI which BLS says lags significantly behind:\n\n>The CPI market basket is developed from detailed expenditure information provided by families and individuals on what they actually bought. There is a time lag between the expenditure survey and its use in the CPI. For example, CPI data in 2022 was based on data collected from the Consumer Expenditure Surveys for 2019.",
  "label": "r/economics",
  "dataType": "comment",
  "communityName": "r/Economics",
  "datetime": "2024-05-25",
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