Monday, September 13, 2010

Wages Collapsing

http://epi.3cdn.net/e5fad31427498e7540_bwm6b5ac1.pdf
From the Economic Policy Institute:

From the Introduction to the Report:

"Workers who have kept their jobs or found new work during this downturn have also suffered from a broad-based collapse of wage growth over the last two years. And with unemployment expected to remain elevated for many years to come, we do not expect the suppression of wage growth to ease anytime soon..."

Link is to the entire report in pdf

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