Monday, August 22, 2005

Don't mention executive pay


"Normally, as employees are able to produce more in each hour of work, the result is greater cash flow that can be divvied up between workers and owners or investors. In the long run, rising productivity means rising wages and living standards.
But in the short run, "most of the gains in the economy have gone into profits rather than wages," says Mr. Behravesh.
The latest numbers from the Labor Department, in fact, show average weekly earnings for US workers have fallen by 0.5 percent in the past year, after adjusting for inflation." http://www.csmonitor.com/2005/0822/p01s03-usec.html

Income disparity is an issue in China: http://en.chinabroadcast.cn/855/2005/08/22/50@11657.htm

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