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Thread Tools | Display Modes |
03-27-2009, 01:35 PM
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#1 |
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Hall of Fame Poster
Join Date: Jan 2007
Posts: 22,629
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Wage DEFLATION Setting in....
Wage Deflation Tally
9 Publishers IBM Hewlett-Packard Microsoft Con-way Freight Shinchang Electrics Wage deflation is setting in like wildfire in the publishing industry. Technology and trucking are affected as well. Budget cuts in California and other states are affecting teachers. Rest assured this is not inflationary news. One of my brothers had to take a 10% wage decline. I think this is getting fairly common. With declining wages, inflation won't be possible no matter how many US dollars are printed because demand can't increase enough to cause inflation. |
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03-27-2009, 01:51 PM
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#2 |
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In the Starting Line-up
Join Date: Sep 2004
Posts: 2,675
My Mood:
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Re: Wage DEFLATION Setting in....
Tell me about it. I work in publishing, and by the end of September, my wage will be $0.
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