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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Les H who wrote (13331)	5/9/1999 5:17:00 PM
From: Yogizuna	Read Replies (1) \| Respond to of 99985

Les, People these days are "wimps", and have what I call "slave fever". I know someone that works for a strong union shop, and even there, some folks are willing to come in early and work off the clock. Not only that, but foreigners (in this case Philippinos), are running around like "maniacs", doing the same job cheaper and faster than their American-born follow white and black workers. Strange times out there. Yogi

To: Les H who wrote (13331)	5/9/1999 5:25:00 PM
From: Daniel Joo	Respond to of 99985

<<<In tallying the ECI, the government takes an average of wage gains in various occupations. But if a person moves from a low-paid job to a higher-paid one, that is not counted as a wage rise. ''There may be some job-title inflation going on,'' Krugman said, citing examples of secretaries becoming administrative assistants but doing essentially the same job. Many companies are also offering lucrative incentives such as stock options that are not picked up by the ECI. >>>> IMO, a huge flaw in the indicator - especially in light of the shift in the economy from manufacturing to service. Many government published leading economic indicators seem to have large flaws (CPI) and/or a manufacturing industry bias. Dan