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To: Boca_PETE who wrote (6286)	8/1/1998 3:34:00 PM
From: Kirk ©	Read Replies (1) \| Respond to of 42834

I like the hourly wages figure myself. What is still hidden in productivity numbers is "blood from turnip effect" where employees are being asked to do more and more, usually meaning longer hours on a salary, where they get no more money but work alot harder. Eventually, this reaches a peak too. OT*** How would you like to be the machine shop owner that had 13 employees hit on powerball? I hear they will return to work to train replacements.... regards Kirk out

To: Boca_PETE who wrote (6286)	8/1/1998 3:36:00 PM
From: Alan Whirlwind	Read Replies (1) \| Respond to of 42834

"Moreover, to what extent has increased productivity and falling commodity prices offset such wage increases ?" If we don't see increased company earnings there will be no offset. I doubt benefits are falling with all this 401K matching flooding into the market. The productivity numbers I'm short on and you are probably right to be a bit skeptical lacking those in the mix. Commodity prices? At least a guy can afford a cup of coffee again. ;) --Alan