The ECI

[javaguru]

The Employee Cost Index is a better metric than CPI for inflation. It measures the cost of employing a worker, the primary cost of business, which means it will be passed on to consumers.

The twelve month data in 2011 showed that costs of employing workers in private industry increased by over 8%.

The March 2012 data from the BLS is interesting.

Employer Costs for Employee Compensation news release text

"Total employer compensation costs for private industry workers averaged $28.78 per hour worked in March 2012. Total employer compensation costs for State and local government workers averaged $41.16 per hour worked in March 2012."

 

[bigpokey]

isn't that great that you act like your better than everybody and u got your chokin n punchin wimminz hoe card pulled?

 

[WoodyO]

 

[javaguru]

isn't that great that you act like your better than everybody and u got your chokin n punchin wimminz hoe card pulled?

Thanks for your input but keeping it on topic is important for a discussion. Ad hominem attacks just indicate you don't have an argument, you just need to address your ability to reason as opposed to being an emotional thinker. You were probably educated in a government school where you weren't taught but fed propaganda to be compliant cattle; Endeavor to persevere. One day you may become a free thinker.

A proper response would be to defend the CPI and I would respond in kind about the CPI "basket of goods."

 

[PICK3]

My preferred method for decomposing a value ratio into price and quantity components is the use of a superlative index number formula in the context of the chain method.




just sayin'

 

[javaguru]

My preferred method for decomposing a value ratio into price and quantity components is the use of a superlative index number formula in the context of the chain method.




just sayin'

Sharks Vs. Jets?

 

[javaguru]

I'm down with the "Fatal Conceit."

 

[javaguru]

isn't that great that you act like your better than everybody and u got your chokin n punchin wimminz hoe card pulled?

I'm not "better" than anyone, that's a subjective value statement. Every worker in the private economy produces value for everyone else.