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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host
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To: Alan Whirlwind who wrote (6282)8/1/1998 12:40:00 PM
From: Boca_PETE  Read Replies (2) of 42834
 
Allan W: RE:<Total wage compensation increased 3.5% YE 6/30/98>

Isn't it more meaningful to compare Total Compensation, including benefits, rather than to look at Wages in isolation ? Seems to me that looking at wages in isolation is the same as complaining that inflation is 50% when the cost of a subway token is raised from $.25 to $.50 per ride. Isn't inflation (the CPI) a general price level index ?

Moreover, to what extent has increased productivity and falling commodity prices offset such wage increases ?

P
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