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Pastimes : The Naked Truth - Big Kahuna a Myth
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To: BGR who wrote (49278)6/24/1999 2:00:00 PM
From: Lizzie Tudor  Read Replies (4) of 86076
 
Things look different in pockets like NYC and the Silicon Valley. But, there is no rampant run off in inflation on a national level.

Things sure do look different in silicon valley, and it is WAY uncool. But anyway, I agree there is little or no inflation or wage inflation and at least in the high tech centers (which is where the wage inflation would be if it existed) the internet has allowed outsourcing of huge amounts of labor to cheap producers like Ireland, etc.

However, for those people left here working in tech there actually is huge wage inflation because they are compensated with stock options. So the labor statistics are lying a little.
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