Welcome to PatsFans.com

Wage DEFLATION Setting in....

Discussion in 'Political Discussion' started by PatriotsReign, Mar 27, 2009.

  1. PatriotsReign

    PatriotsReign Rookie

    Joined:
    Jan 15, 2007
    Messages:
    25,597
    Likes Received:
    67
    Ratings:
    +140 / 1 / -8

    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.
  2. STFarmy

    STFarmy Rookie

    Joined:
    Sep 14, 2004
    Messages:
    2,677
    Likes Received:
    6
    Ratings:
    +6 / 0 / -0

    Tell me about it. I work in publishing, and by the end of September, my wage will be $0.

Share This Page

unset ($sidebar_block_show); ?>