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Technology Stocks : Amazon.com, Inc. (AMZN)

AMZN 229.12

-0.2%

Nov 26 3:59 PM EST

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To: BGR who wrote (60648)	6/4/1999 9:01:00 PM
From: Sarmad Y. Hermiz	Read Replies (1) of 164684

>> OOH, it seems that comapnies cannot hire enough and there is a labor shortage. OTOH, salaries should have gone up by a larger magnitude if that indeed was the case. Alternatively, if companies really are not hiring much because they see weakness ahead, the salaries should have weakened as well. << Don't despair. There is an explanation. And it even makes sense. Did you notice the jobs data had the largest reduction ever for factory jobs ? Of course there was a net addition of 11000 jobs, but they were service jobs, which pay less. I think the largest category was retail. So the average hourly wage was held low because high wage jobs were replaced by low wage jobs.

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