Real Wages Soar and Nobody Notices
I enjoy reading about the hardships of Citigroup and Bank of America as much as anyone, but when the real wages of ordinary workers are soaring, it should merit at least some small bit of attention from the media. Since nominal wages have continued to increase in recent months, even as prices have plummeted, the real wage of workers lucky enough to keep their jobs has soared. …
I mainly wanted to post that first line (especially in view of my previous post); read the story to see why your wages might have been soaring while you weren’t paying attention.