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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Mike Johnston who wrote (51829)	1/27/2006 7:21:31 PM
From: GraceZ	Read Replies (2) \| Respond to of 110194

The biggest problem with using the BLS numbers to show how workers have lost ground to inflation is that more often than not they only use the weekly salary or hourly salary numbers, or the amount of cash compensation without ever accounting for the divergence between total compensation numbers and salary and hourly rates. economagic.com Ever since the government passed WWII wage freezes, companies have offered compensation in the form of untaxed benefits to attract workers and labor groups have demanded expansion of these benefits. There has been some back off in those gains in the last few years but almost every single large labor negociation has pivoted on non-cash compensation in the last 20 years simply because in an environment with such high employment taxes, non-cash compensation is worth a lot more to employees than it costs employers.