US Wages Plummet: Fastest in 14 Years

Inflation rose 3.1 per cent in the year to March but salaries climbed just 2.4 per cent, according to the Employment Cost Index. In the final three months of 2004, real wages fell by 0.9 per cent. The last time salaries fell this steeply was at the start of 1991, when real wages declined by 1.1 per cent. Many economists believe that in spite of the unexpectedly large rise in job creation of 274,000 in April, the uneven revival in the labour market since the 2001 recession has made it hard for workers to negotiate real improvements in living standards.






4 responses to “US Wages Plummet: Fastest in 14 Years”

  1. Kat Avatar

    Gee and they wonder why the poor stay poor.

  2. US Wages Plummet: Fastest in 14 Years

    US Wages Plummet: Fast…

  3. Despina Vandi

    US Wages Plummet: Fast…

  4. ass-lick-fuck

    US Wages Plummet: Fast…

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