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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: Crimson Ghost who wrote (8142)2/14/2004 4:49:26 PM
From: Jim Willie CB  Read Replies (1) of 110194
 
the data behind your comment:

Despite the widely held belief that new jobs are on the way, according to a report by the Bureau of Labor Statistics released in the last week of January, the average salary of a US worker has dropped from $44,570 to $35,410 since 2001. This is clear wage deflation.
(a 20.5% decline in three years)

we hear of it all the time
jobs are coming in health industry, construction, restaurant, government, mortgage processing, and debt distress management

/ jim
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