Hello Pen-l,
I have been excavating data on job growth for the past
few months and have become rather depressed over what I
have found in the predictions of the BLS and others. Thus
I was quite surprised to read that all of the new jobs
formed recently were paying above average.
To reiterate a
I've seen similar articles (reporting on a recent BLS study, which I've not
seen) and suspect a semantical trick. The growth is purportedly in
*categories* that includes high incomes, but not necessarily in jobs that
actually yield high incomes. The dispersion of incomes (and perhaps even
more s
This week's Time Magazine has a cover feature on "Boom for Whom" which
takes the opposite tack from the NY Times. It includes the following "bad
news": median family income has dropped to the levels of 1980; consumer
debt as a % of disposable personal income has risen from 60% in 1980 to
80% c
Have people seen the lengthly article under this headline in this
?Monday's NYT?
? The article allows that workers wages have been falling "more or less
?steadily for 20 years" if "workers" is understood to exclude managers and
?supervisers, which strikes me as a reasonable definition. But it's
