PeachParts Mercedes-Benz Forum - View Single Post

retmil46 · #6 10-19-2006, 08:26 PM

An old teacher of mine once said "There are lies, damn lies, and statistics". Amazing sometimes how people can take the same set of data, and after a little manipulation, can come up with totally different results to support their particular world view.

From what I've seen personally, in this economic cycle, it really depends what sector and part of the country you're in as to whether it's boom or bust. In this area, if you're getting paid by the hour, wages AND compensation are headed downward.

In Mecklenburg county/Charlotte, which has become of the headquarters of several major banks, you've got a high concentration of millionaires. Go over to the next county, and you've got unemployment rates up between 5 to 10 percent, from plants and other businesses that have closed their doors and moved offshore.

So I can well see how some believe the economy is doing great, while others think it sucks.