Monday, April 11, 2005
Wages
Wages Lagging Behind PricesBy Nicholas Riccardi, Times Staff Writer
Inflation has outpaced the rise in salaries for the first time in 14 years. And workers are paying a bigger share of the cost of their healthcare.
For the first time in 14 years, the American workforce has in effect gotten an across-the-board pay cut.
The growth in wages in 2004 and the first two months of this year trailed inflation, compounding the squeeze from higher housing, energy and other costs...
....This is the first time that salaries have increased more slowly than prices since the 1990-91 recession. Though salary growth has been relatively sluggish since the 2001 downturn, inflation also had stayed relatively subdued until last year, when the consumer price index rose 2.7%. But wages rose only 2.5%...
*Link was found on Whatreallyhappened.com
Let me hear some of that winger talk "It's Clinton's fault", just like when 911 happened on miserable failure's watch, yet Clinton's name was whispered and yelled all throughout winger nut land.
Inflation has outpaced the rise in salaries for the first time in 14 years. And workers are paying a bigger share of the cost of their healthcare.
For the first time in 14 years, the American workforce has in effect gotten an across-the-board pay cut.
The growth in wages in 2004 and the first two months of this year trailed inflation, compounding the squeeze from higher housing, energy and other costs...
....This is the first time that salaries have increased more slowly than prices since the 1990-91 recession. Though salary growth has been relatively sluggish since the 2001 downturn, inflation also had stayed relatively subdued until last year, when the consumer price index rose 2.7%. But wages rose only 2.5%...
*Link was found on Whatreallyhappened.com
Let me hear some of that winger talk "It's Clinton's fault", just like when 911 happened on miserable failure's watch, yet Clinton's name was whispered and yelled all throughout winger nut land.
