[lbo-talk] Inflation: Why You're Not Getting A Raise This Year

Doug Henwood dhenwood at panix.com
Tue Apr 12 14:45:56 PDT 2005


John Adams wrote:


>What I was curious about was alternative explanations for the lack
>of real pay raises this year. The explanation given (inflation)
>struck me as, well, odd.

Yeah, that doesn't really explain anything. The simple answer is that the labor market is still relatively weak and labor is on its back.

Doug



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