It’s not often that journalists can scoff at the government for 25-year-old miscalculations. Unfortunately, Dallas Morning News reporter Robert Dodge missed his chance.
On Dec. 2, Dodge wrote that wages aren’t keeping up with bloated inflation rates and production has been “anemic since the late 1970s.” He even included the oft-repeated platitude about the rich getting richer and the poor getting poorer.
But just the day before, The New York Times had reported that the government has been overestimating inflation rates and underestimating wages and productivity for two decades.
By Dec. 4, The News had learned its lesson. A headline admitted that inflation had been overstated by 1.1 percent. The story was pulled from the New York Times News Service.
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