Wednesday, January 11, 2006

Facts Are Always Embarassing

Pay your workers a living wage SueHank & the economy will boom. Hat Tip to da Mayor & his Wonder Dog Hugo Chavez & the lovely & talented wife, who fully supports her husband's explorations.

"Unfortunately, for the American worker, this jobless recovery has also been “wageless” -- characterized by an extraordinary stagnation in real wages. This also shows up loud and clear in the just-released December employment report -- a 3.1% increase in average hourly earnings, which falls short of the 3.4% CPI-based reading of inflation over the 12 months ending in November."

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