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To: Lizzie Tudor who wrote (159802)1/9/2004 8:04:41 PM
From: Oeconomicus  Read Replies (1) | Respond to of 164684
 
and the fact that in an 8% GDP environment wages hadn't even increased 1% (meaning a net decrease in real buying power)

Umm, forgive me, but can you explain how wage rates growing more slowly than GDP equates to loss of buying power?