Originally Posted by
GUWonder
That doesn't address what I posted. 2010 is 3 years ago. And he's not controlling for what has happened to per capital disposable income (discretionary income is technically the more appropriate term) in constant dollars from 1993 to 2013.
By the way, how much of his approach to economic presentations is based on his political philosophy? I noticed his association with a neo-con public policy advocacy center that is frequently funded by those who think the best government is no government at all or one that protects corporate interests at any cost.
It does address what you posted. Do you seriously contend that between 2010 and the present, the average airfare shot up from $326 to above $521 in 2010 dollars?
As for his presentation, he's citing a specific BOT statistic that would seem to be exactly what we're talking about. I don't think that tweaking this stat for airfare changes since 2010 or for nuances of discretionary income is going to push that $326 above $521.