----- Original Message ----- From: "John Lacny" <jlacny at earthlink.net>
http://www.chicagotribune.com/business/chi-0405090003may09,1,2099143.story?coll=chi-business-hed
Chicago Tribune, May 9, 2004
Rank and file left out of recovery No real wage rise; some show a loss by Ameet Sachdev
Despite an expanding economy and improved productivity in recent years, American workers are experiencing sluggish growth in wages.
Adjusted for inflation, many workers last year essentially took home the same pay they did in 2001. Some wage increases aren't even keeping up with inflation.
This is an unusual period in American history.
Labor's share of the increase in national income since November 2001, the end of the last recession, is the lowest for any recovery since the end of World War II.
That's the finding of a new study from the Center for Labor Market Studies at Northeastern University in Boston.
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Frank Herbert wrote a feisty commentary on this a few weeks ago for the NYT.
For those who are interested, the link below is the report- it is short and to the point:
http://www.nupr.neu.edu/4-04/corporate_profits.pdf
Ian