[lbo-talk] A fair day's wage for a fair day's work in the USA

Doug Henwood dhenwood at panix.com
Fri Sep 21 19:31:14 PDT 2007


On Sep 21, 2007, at 10:22 PM, joanna wrote:


> 10% loss in wages. I guess that's half the story. The other half would
> be what things cost (in real dollars) that you spend those wages on.

"Real" wages are supposed to reflect that, if nominal wages are deflated by the consumer price index.

Doug



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