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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Elroy Jetson who wrote (16823)2/6/2004 12:02:02 PM
From: gpowellRead Replies (1) of 306849
 
Wages should track productivity. If your wage rate was greater than the inflation rate then maybe your productivity was growing. Or perhaps your wage inflation contributed to the cost push inflation of the era. In that case, your wages in excess of productivity was taken from some other worker, or consumer.

It took back to back recessions to break the structural inflation cycle and perhaps that is why you think the economy is worse today than then - your are making what you deserve.
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