Wages are slipping rapidly as cuts and roll backs begin to chip away at wage levels that try to stay in step with inflation.The US is walking the line with a deflationary cycle.
As Brad Delong states,...thinks are getting worse more slowly.
Friday, June 05, 2009
This news was forecasted in March and sure enough the labor department today confirmed some of this projection.
Wages are slipping rapidly as cuts and roll backs begin to chip away at wage levels that try to stay in step with inflation.The US is walking the line with a deflationary cycle.
As Brad Delong states,...thinks are getting worse more slowly.
Subscribe to:
Post Comments (Atom)
0 comments:
Post a Comment