Wages Lagging Behind Prices

Pudentilla at Le Rue d'Kangaroo - Skippy to those of you who don't mangle French as badly as I - points out that which most of us have painfully noticed.

But somehow, reading it makes you at least feel like you're in both good and robust company. ::cough::

wages lagging behind prices - for the first time in 14 years, the american workforce has in effect gotten an across-the-board pay cut.

the growth in wages in 2004 and the first two months of this year trailed inflation, compounding the squeeze from higher housing, energy and other costs. [--snip--]

Meanwhile, corporate profits hit record highs as companies got more productivity out of workers while keeping pay increases down.