Economics @ ITT

Wages Fall At Record Pace

Posted in economics by ittecon on July 2, 2013

Hourly wages fell 3.8 percent in the first quarter, the biggest drop since the BLS began tracking compensation in 1947. Productivity rose half a percentage point. The result was that what economists call “labor unit costs” fell 4.3 percent.

via Wages Fall At Record Pace.

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