The Human Action Podcast

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

Human Action Podcast
Robert P. Murphy Jonathan Newman

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:

Gene Epstein on the Bob Murphy Show: The Economic Policy Institute 2022 Paper: The Economic Policy Institute 2015 Paper: Gene Epstein’s Mises University ‘Dirty Data’ Lecture: FRED Blog Post on the Chart and Price Indices:


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