Inflation effects wages. It drives wages up to compensate for the cost of living. The average annual inflation over the last decade is 2.78%. That is the price of goods and services increased an average of 2.8% a year. The minimum wage seen a three (3) step increase in the last decade. The summer of 2007, 2008 and 2009. Not to take anything away from CDFI's but to measure progress on a larger scale by inserting local or national data where convenient also skews the picture. Do you think inflation may have had an effect on median household income? Our people need solid ground to plant a firm foot to go in the right direction, not spin wheels. Providing a realistic picture they can work with instead of a grammy winning picture they can enjoy for a moment would help. Sorry I know it sounds a little harsh but it seems we only gloss over what needs to be fixed and then present it as a miracle in indian country. I know you you've done hardwork its the presentation of data that confuses me.
Tuesday, March 15, 2011 - 02:39