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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 78.09-1.1%12:10 PM EST

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To: RetiredNow who wrote (70956)8/27/2006 8:01:21 PM
From: Lizzie Tudor  Read Replies (2) of 77400
 
oh Mindmeld, come on!

If corporate profits are 15% of National income when they used to be 8%, and wages are 64% which looks like the LOWEST EVER, how can you possibly conclude wages are not deteriorating? Of course wages are deteriorating, I have posted articles that say this, we know white collar wages have actually DECREASED about 5% since 2000 ( a very rare occurance in the USA ) and that is in dollars and does not take account the dollar decline which certainly has eroded buying power, what can you say?
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