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.

That 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.

Posted by Orrin Judd at October 19, 2006 1:46 PM
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
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