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Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?

To: Broken_Clock who wrote (103375)	2/6/2009 4:33:42 PM
From: TimF	Respond to of 541971

Wages are dropping overall (at least in nominal terms) not just in Hawaii, or in service sector jobs. Specific areas have significant drops, possibly a very few areas could reasonably be said to have collapsed (although its more likely that employment in a narrow sector will collapse, rather than wages, as wages tend to have a bit of stickiness, if they adjusted easier you would get more big pay cuts, but less job losses). That all comment about what's happening right now. My earlier comment "Household income has pretty much stagnated but households are smaller. Per person income has not stagnated" was a long run thing, it refers to decades not months.