More Employers Are Slashing or Freezing Pay

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Remember what that Father of all things Capitalist, Adam Smith said.
"What are the common wages of labour, depends everywhere upon the
contract usually made between those two parties, whose interests are
by no means the same. The workmen desire to get as much, the masters to
give as little, as possible. The former are disposed to combine in order
to raise, the latter in order to lower, the wages of labour."
This is just a really good time to be boss.

gerbil of CA 4:51PM June 02, 2009

are doing this because they HAVE to, and some others, I think, are doing it merely because they CAN in a period of high unemployment and high anxiety.
Funny how the sins of AIG and Bear Stearns and Lehman, etal. have a way of visiting the lowly folks---I think it's a corollary of Reagan's trickle down theory.

Muser of NM 3:51PM June 02, 2009

salaries

Ann Holbert of NY 1:52PM June 01, 2009

Looking around, I can only presume that the increase in personal income is happening in local and state employment which just received muli-year contract increases of 4-5% per year.
All this going on while those in the private secter are still losing jobs!

njguardian of NJ 1:47PM June 01, 2009