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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?


To: Bill who wrote (451723)9/2/2003 4:40:53 PM
From: Lizzie Tudor  Read Replies (1) | Respond to of 769670
 
so you think this is the bottom of the jobs situation then, assuming we are recovering?

I don't think that fwiw. I think business recovers, but we continue to lose jobs.

I was digging on the BLS website this weekend and discovered the cost of salaries statistic. We are at 93 levels now, to me this is reflecting the severe underemployment out there. All these networking engrs who used to make 100K are working at Starbucks, I mean. If this is a long term trend, and I believe most think it is, we have to restructure our tax code and put the SS mess and other costs on the back of investors and not labor.