Americans' Pay Not Keeping Up With Energy And Other Prices

phantom power

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Fri May-20-05 04:21 PM
Original message

Americans' Pay Not Keeping Up With Energy And Other Prices

U.S. wage growth isn't keeping up with rising prices for everything from gas to groceries to medical care. Strong productivity gains and an improving job market are not helping as they did in the past.

Adjusted for inflation, real weekly wages are down 0.3% vs. a year earlier. That's despite a slight monthly gain in April, Labor Department figures show.

Higher gasoline and other energy prices are acting as a tax on all Americans. Not surprisingly, consumer sentiment has soured.

The working poor and middle class are getting hit the hardest. Higher gas and food prices buffet hourly wage earners the most.

http://biz.yahoo.com/ibd/050519/general.html

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Coastie for Truth

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Fri May-20-05 11:30 PM
Response to Original message

1. Exactly As Predicted as an Early Symptom of "Peak Oil" by

1. "The Long Emergency" by James Howard Kunstler, and

2. "The End of Suburbia"

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DU AdBot (1000+ posts)

Mon May 06th 2024, 12:09 AM
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