12
Mai
2005

US real wages fall at fastest rate in 14 years

by Christopher Swann in Washington
Published: May 10 2005 17:59 | Last updated: May 11 2005 15:20
Financial Times ft.com

Real wages in the US are falling at their fastest rate in 14 years, according to data surveyed by the Financial Times.

Inflation rose 3.1 per cent in the year to March but salaries climbed just 2.4 per cent, according to the Employment Cost Index. In the final three months of 2004, real wages fell by 0.9 per cent.

The last time salaries fell this steeply was at the start of 1991, when real wages declined by 1.1 per cent. [...] Read the rest at the Financial Times web page: //tinyurl.com/9hxfv


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