Despite the economic slump, GE's five-year average revenue growth rate has been 12% while the average earnings growth rate has been 7%, both in line with GE's historic numbers.
India Inc's corporate earnings growth rate is expected to average 7% this year, which is better than the average earnings growth rate in the MSCI All Country World Index.
But partly because the 10-year average earnings growth rate for the 500 stocks now in the S.& P. is only 11.2percentt, he cut his prospective five-year rate to 12.5percentt.
The average earnings growth rate of the companies he holds is more than 20percentt.
"As expected, sales volume gains along with double-digit seed price increases and a strong outlook for the North American seed business will be a primary driver of at least 15% cumulative average earnings growth rate of the DuPont Agriculture & Nutrition business through 2013," said Frank Ross, president of the company's Pioneer seed division.
Goldie said the 2014 federal budget – particularly its proposal to index pension payments only according to consumer price index, rather than to the more generous average weekly earnings rate – "is likely to result in higher poverty rates over time".
Where possible, if appropriate, the parent time will be calculated by any lost earnings and average wage rate.
He said the average house price to average earnings ratio will decline as house prices fall and assuming earnings rise at an average nominal rate of 5% per annum.
Finally, Job Corps' intensive job training program still left about 40% without jobs, modest average earnings, relatively high rates of incarceration, and high rates of nonmarital fertility (40percentt of females).
Samuel Tombs, UK economist at Capital Economics, said pay growth remains weak, with the headline rate of average earnings growth excluding bonuses 1.4%, the lowest rate for two and a half years.
