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Showing posts from August, 2019

THE GREAT LIE

What is the great lie? Let’s start with an illustration. Here is a hint: it is woven from the fabric of modern ideologies, and there is no singular great lie unless one considers ‘modernity’ per se, and hypermodernity in particular, as the great lie itself. Let us say one is working an hourly job at fourteen dollars per hour in the year 2000 with an average of 2300 hours worked per year. According to BLS numbers, the CPI estimates inflation over the period from 2000-2016 to have averaged about 2.5% per year. The total rate of inflation in that period is about 46%. Thus the person in this example would have to be earning over twenty dollars at the end of that period for their earnings to remain roughly equal, assuming the rest of the compensation package and average hours remains the same. If we assume that other forms of compensation diminish, then their wages would have to rise even more. This is just an example. If one wants to find numbers relevant to the field one is in,