On Thu, 20 May 2004, John Lacny forwarded:
> Adjusted for inflation, average hourly wages for non-farm workers,
> excluding managers and executives, rose 25 cents, to $15.35, between
> 2001 and 2003. That equates to an annual increase of less than 2
> percent, or below the rate of inflation.
Huh? If the wages are adjusted for inflation, then wage growth is a bit faster than inflation growth, right? This makes it sound like wages aren't keeping up with inflation.
In any case, some great info for my sociology courses.
Miles