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Strategies & Market Trends : ahhaha's ahs -- Ignore unavailable to you. Want to Upgrade?

To: Ahda who wrote (2169)	4/26/2001 1:39:27 PM
From: GraceZ	Read Replies (1) \| Respond to of 24758

Rising employment costs don't necessarily mean that people are receiving more income. Employment costs include benefits costs, which are rising with the cost of health care and the aging population. Income was up last year though, but that figure included other types of income that aren't just wages. When people work too much they tend to spend more, not less. It sort of works like this, they want to reward themselves for working. They can't reward themselves with time off and meaningful activities, so they fill up their lives with stuff. I've talked to any number of salaried workers who hung in there for three years during the boom waiting for things to slow down just enough so they could "get their lives back". They got one year of semi-normal working schedule and now the layoffs are starting, so those left still working will be doing the work of those laid off when things pick up again. The biggest sign that employment is slowing was the newspaper guys on CNBC this morning complaining of the serious fall off of employment classified income.