Here comes jobs losses from high energy costs, page-107

"Facts are what he wants them to be. Reality is a foreign concept."

Ahaha.

I recall one of the first posts of his which I saw some years ago: it contained a graph that compared wage growth (so, a percentage change, i.e., a graph representing a rate of change) with a measure of labour productivity (as an index, i.e., a nominal value), which showed the wage growth line (i.e. the rate) declining, while the index line was rising (albeit less steeply, but still rising nonetheless).

The argument being mounted by said poster was that wages paid to workers was lagging their increasing levels of productivity.

However, when I decomposed the productivity data into rate form (to be consistent with the wage growth line), it turned out that productivity improvement was in fact lagging wage growth.

Needless to say, when I pointed out his chart crime, the response from it author contained all manner of obfuscation and diversion.

And every now and then when I visit this forum, I notice that kind of lobotimised logic on display from him hasn't ended.

Priceless stuff.

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