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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 78.65-0.4%3:26 PM EST
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To: Lizzie Tudor who wrote (70954)8/27/2006 7:55:07 PM
From: RetiredNow  Read Replies (1) of 77400
 
Hi Lizzie, that chart does NOT show deteriorating wages. What it does show is wages as a percentage of overall profits decreasing, which means workers are getting less of the growth pie that they used to get. That is different than deteriorating wages. In fact, wages have increased steadily over the last 3 years and wage increases are starting to flow down to prices, which is part of the reason the Fed is worried about inflation.

If you think about it, workers getting less of a share of the pie was inevitable. In the 90's, workers got more of the pie because of options and the massive inflation of the stock market. However, now that most options aren't worth crap, workers are just getting their salaries and bonuses. Those salaries and bonuses may still increase every year, but the free party that made the common man a millionaire is over. That's probably what you are seeing in that chart.
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