Opebo, your percentage numbers would have more meaning if they were inflation adjusted. Inflation was alive and well in 1976-1978. Real percentage growth might have been anemic or negative.
I think he did use real growth, the first percentage is nominal, the second real? Or is he fooling around with them?
Absolutely correct, bullmoose. Sorry, Torie, that my labelling and columns were a bit off, but yes, the first figure is nominal, and the second 'real' GDP growth. Real GDP growth was quite strong in 76, 77, and 78. Those were great years for american workers.
My apologies Opebo. I was just having a senior moment - your chart upon review was sufficiently lucid to cause me to pen the first bit of this sentence.
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