Production and wages (the Democratic Party’s gnagnarella)
I'm back from recording a roundtable discussion that will be broadcast on Rete8 this evening (I'll then share the video with you on Facebook and Twitter), and for the umpteenth time I had a heartfelt exchange with the local hero of the Democratic Party, a certain Senator Michele Fina (I don't know if you know him, much-loved Orlando, someone who knows what happened… I mean Orlando knows !).
The kind colleague made a series of minor inaccuracies that left me completely stunned, and obviously made me even more furious by the second time I went around the table. You know these things, but reiterating them might be helpful if you ever encounter one of these broken gramophones.
The kind colleague had the nerve to say that according to the OECD, real wages have decreased by 8%! This is the classic ploy described in "The Factory of Falsehood": providing a change without specifying the time period it refers to. The decrease did occur, but it's been since 2021, simply because the Draghi government is the one that has recorded the all-time record for real wage decline (as we've shown here ).
(but then the PD was silent and subservient), while the Meloni Government is at the top of the rankings not only in diachronic terms, but also in synchronic terms, because the OECD tells us this here :
that is, in the last year only South Korea has performed better than us in terms of real wage growth (i.e., the purchasing power of wages). But the country fair hawkers obviously don't say this.
Is production in free fall? Yes, and do you know since when? Since he was there, because the data says this:
the last peak of industrial production in Italy was in April 2022 (when there was Uva), and in Germany in November 2017. German industrial production has been in free fall for eight (8) years, with a clear acceleration in the last couple of years, and it is evident that, even if not growing, our industrial production is holding up.
But the country fair swindlers don't want (or aren't able to) put the data into context, and it's perfectly rational for them not to, because they created this context themselves, over the long years in which we criticized their foolish subservience to the European Union, predicting point by point the disasters it would cause.
We'll talk about it in Montesilvano in a week ( last twenty places )…
This is a machine translation of a post (in Italian) written by Alberto Bagnai and published on Goofynomics at the URL https://goofynomics.blogspot.com/2025/10/produzione-e-salari-la-gnagnarella-del.html on Fri, 31 Oct 2025 09:40:00 +0000. Some rights reserved under CC BY-NC-ND 3.0 license.