Are Workers Being Paid Their Product? Watch Out for Misleading Charts

Dr. Jonathan Newman joins Bob to break down the data used in a popular productivity vs. pay graph. They show why you should be wary of charts coming from agenda-driven institutions and how you can spot manipulated data. The charts mentioned during this episode are available at: https://Mises.org/HAP414Charts Gene Epstein on the Bob Murphy Show: https://Mises.org/HAP414a<br /> The Economic Policy Institute 2022 Paper: https://Mises.org/HAP414b<br /> The Economic Policy Institute 2015 Paper: https://Mises.org/HAP414c<br /> Gene Epstein's Mises University 'Dirty Data' Lecture: https://Mises.org/HAP414d<br /> FRED Blog Post on the Chart and Price Indices: https://Mises.org/HAP414e Join us in Fort Myers on November 4 to cut through the campaign talking points and offer an uncompromising look at what is coming next. Use Code "FL2023" for $10 off admission: Mises.org/FL23 Find free books, daily articles, podcasts, lecture series, and everything about the Austrian School of Economics, at https://Mises.org​​. Twitter ► https://twitter.com/mises/<br /> Facebook ► https://www.facebook.com/mises.institute/<br /> Instagram ► https://www.instagram.com/misesinstitute/<br /> SoundCloud ► https://soundcloud.com/misesmedia/<br /> Apple Podcasts ► https://podcasts.apple.com/us/artist/mises-institute/1280664810<br /> Rumble ► https://rumble.com/c/c-2212754<br /> Odysee ► https://odysee.com/@mises/<br /> Podcasts ► https://mises.org/library/audio-video/ Chapters<br /> 00:00 The White House, The Fed, and The Economy<br /> 00:40 Introduction<br /> 01:38 Misleading Data Shifts the Blame for the Compensation Gap<br /> 13:57 How the Data was Manipulated<br /> 24:08 Other Ways to Visualize The Data<br /> 30:44 The Big Picture on the Pay Gap Data<br /> 49:54 Is the Fed Influencing the Pay Gap