Wages have not kept pace with inflation.
Sorry tk I said that I wouldn't post any more facts. My 98% level is slipping again. I'll try to post more irrelevant stuff later.
"Last year was the third consecutive year in which weekly wages fell, after adjusting for price changes, according to department statistics on the 92 million private production and non-managerial service workers who make up more than 80 percent of the nation's workforce."
"We're just not seeing the improvement in living standards you'd expect" in an economy that is expanding at a healthy pace and benefiting from rapid productivity growth, said Jared Bernstein, senior economist at the Economic Policy Institute, a think tank that focuses on labor issues. "It's the biggest problem in the current economy." Here is the link to the rest of the story
http://www.washingtonpost.com/wp-dyn/con...;referrer=email Bow to the mighty tk.He know everything, just ask him. He is our man on the inside.