[lbo-talk] One optimist's view of the economy

Marvin Gandall marvgandall at videotron.ca
Sat Oct 15 12:28:35 PDT 2005


Doug H wrote:


>>annual real labor compensation saw
>>6% growth in the last year
>
> A measure that includes health care premiums and upper-bracket salaries.
> The average hourly wage is up 2.6% year-to-year, or down 1.1% in real
> terms.
--------------------- That's right, which is why the health care component which accounts for most of the increase in labour costs is under such furious attack from the employers in both the bankruptcy courts and at the bargaining table.



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