[lbo-talk] unemployment rate getting too low!

Miles Jackson cqmv at pdx.edu
Mon May 16 08:14:39 PDT 2005


On Mon, 16 May 2005, Charles Brown wrote:


> joanna wrote:
>
>> The other thing that's odd is the "pushing up wages." I have
>> definitely not seen that in my neck of the woods.
>
> Like I said, it's not showing up in direct pay - only in the broader
> measure of compensation in the productivity series that includes
> health insurance premiums.
>
> Doug
>
> ^^^^^^
>
> CB: If as word has it, health care costs are rising, then these "raises"
> merely keep workers up with the rise in the cost of living, if that much, no
> ?

Doug will probably answer this, but wages have been growing slower than the inflation rate; in other words, yep, pay cuts for the working class in the middle of an economic "recovery".

Miles



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