Inflating inputs for future years


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    If you want to model the impact of just the earnings, you would need to: 1) Convert salaries to employee compensation (add in benefits and employer paid taxes) 2) Apply the compensation as a Change in Labor Income activity type. By entering the employment and letting the software derive the industry sales, your are getting the impact of the entire nursing operation (compensation plus office expenses and any other intermediate spending involved in nursing). This assume thats the nursing industry could not operate without the local New Jersey graduates. To model future salaries, you may continue to enter the compensation associated with $61,053 as long as you use the "Year": 2011. You may then report the impact in the year of the occurence to see the 2012, 2013, etc dollars.
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