Just another lie Pericles is the average weekly wage/salary of $1200.In true statistics you look at the median wage.The avergae weekly has been distorted by million $ salaries of our elite.

The median salary would be much lower.Also in statistics you knock out the most extreme scores,ie the highest and lowest.

Spell 'proverbial' correctly Yabby and its 'than' not 'then' God bless the Good Chauvanist Shepherd of either fine merinos or cross breds; please dont tell me you run alpacas or goats.

Ok, Arjay.

>>Just another lie Pericles is the average weekly wage/salary of $1200.In true statistics you look at the median wage.The avergae weekly has been distorted by million $ salaries of our elite.<<

I don't mind which you use, average or mean.

Just show me where you found the numbers that say "while wages have increased with inflation,over the last 30 yrs they have progressively lagged behind."

Either way, you will find that - according to your own reasoning - we are still around 285 times "better off" than we were in 1913.

Which is, of course, as fallacious an argument as saying "our currency has lost 96% of its value". But at least it uses the same fallacy.

I know that it is your obsession, Arjay, but you really should not allow it to corrupt your thought processes in the way that it has.

>>Would you let your neighbour steal from you,then loan this money back to you at interest and be greatful for being shafted? This is what the fractional reserve system of banking does to all people on this planet.<<

You have never been able to support this idea of yours with anything more than empty slogans.

If I borrow money - if governments borrow money - we are all obliged to repay it. The salient feature of the fractional reserve system is that the money I have borrowed only really "exists" in the sense that I can pay it back. This we have all learned the hard way, with the discovery of a mass of toxic loans in the US economy.

But nobody has stolen from their neighbour.

As your own example shows very clearly, that neighbour has become steadily better off over the years. And much of that new prosperity has arisen from the ability of the financial system to lend to businesses, that grow and expand the economy, using only the promise of repayment (with a reserve of 10% of deposits) as security.

You are tilting at entirely the wrong windmill, Arjay. Luckily, you have your very own Sancho Panza to guide you.

*The median salary would be much lower.*

So what evidence do you have for your claims Arjay? Are you
forgetting all those mining salaries well over 100k$? There
is a great deal happening, outside of Sydney's suburbia.

Unique, perhaps you should go and play on the Womens Weekly
website, where you can chitchat away to your heart's content.
Or at least stick to the topic, as per forum rules.

LOL...have not flicked through a Womens Weekly in well over 15 years Yabby; go and drench crutch or do your meuling or jetting; some for you too perhaps!