August 12, 2002


Stagnant Wages Pose Added Risks to Weak Economy (LOUIS UCHITELLE, August 11, 2002, NY Times)
Although the recession has ended, the wages of more than 100 million workers are still stagnant, endangering the consumer spending that sustains the fragile recovery.

The stagnation in total wages paid to the nation's employees outside of government is now a year old...

One assumes from the fact that the most recent report said that wages had risen and from the way Mr. Uchitelle has to exclude government employees from his analysis that these government employees are enjoying fairly substantial wage increases even in the midst of deflation, economic slowdown, and belt-tightening in the rest of the economy. Why? Posted by Orrin Judd at August 12, 2002 8:53 AM
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