Even simple economic facts are elusive: claims that US living standards have stagnated since the late 1970s rely on real average hourly earnings, but inflation measurement excludes fringe benefits and demographic composition effects, so even this 'simple' data is highly controversial.

factualpending

Speaker

Russ Roberts

Evidence Quote

even that seemingly incredibly simple piece of data we think would be so well established by economics is highly controversial

Source

Ian Ayres on Super Crunchers and the Power of Data 10/22/2007EconTalk
Created: 6/17/2026, 10:31:42 AM

My Notes

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