October 19, 2006
THE AMERICAN WORKER JUST KEEPS GAINING GROUND:
Gain in wages slightly ahead of inflation (DIANE STAFFORD, 10/19/06, The Kansas City Star)
The median weekly earnings of the nation’s 108.2 million full-time wage and salary workers were $675 in the third quarter 2006, the U.S. Bureau of Labor Statistics said today.Posted by Orrin Judd at October 19, 2006 1:46 PMThat represented a 4 percent nominal gain over the median weekly pay reported in the third quarter 2005. But, the bureau noted, inflation advanced at a 3.3 percent rate over the same period.
Comments
As usual, they neglect to mention that wages are an incomplete measure of worker compensation. Factor in things like health care and 401k's and you have a more realistic and sunny picture.
Posted by: Pepys at October 19, 2006 5:00 PM