Bad Wages
Dean Baker notes that the preliminary benchmark revision to US payroll employment data will mean lower productivity growth. Another implication, provided that there are no compensatory revisions in average hours worked or total compensation, is that average hourly compensation will be lower. For those who have been complaining about anemic wage growth, it looks like the situation may be even worse than they thought.
Labels: data, economics, income distribution, inflation, macroeconomics, US economic outlook, wages
posted by knzn at 10/07/2006 11:31:00 PM
6 Comments:
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