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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Elroy Jetson who wrote (16823)2/6/2004 12:02:02 PM
From: gpowellRead Replies (1) | Respond to of 306849
 
Wages should track productivity. If your wage rate was greater than the inflation rate then maybe your productivity was growing. Or perhaps your wage inflation contributed to the cost push inflation of the era. In that case, your wages in excess of productivity was taken from some other worker, or consumer.

It took back to back recessions to break the structural inflation cycle and perhaps that is why you think the economy is worse today than then - your are making what you deserve.



To: Elroy Jetson who wrote (16823)2/6/2004 2:30:14 PM
From: Lizzie TudorRespond to of 306849
 
Go Bears!!!!!



To: Elroy Jetson who wrote (16823)2/6/2004 3:20:29 PM
From: Logain AblarRead Replies (1) | Respond to of 306849
 
CA & the South were sheltered by the oil boom. If you were in the upper mid west or new england you felt the unemployment.

I remember being in Houston in 81 and it was like the whole rust belt had relocated to the area.


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