I’ve never liked government statistics that claim to measure the economy–particularly the Gross Domestic Product. GDP only tells you that stuff is being made–not who truly benefits from the growth in GDP. But, it is worth noting yesterday’s news, from The New York Times, that not only is economic growth slower but, more important, for […]
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Jonathan Tasini's Ruminations on Work, The Economy, and PoliticsTag Archive | "Wages"
Slower Growth Stats–Catching Up With Reality
Posted on 29 April 2007.
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Workers Sweat But Get Zip
Posted on 22 April 2005.
Just a couple of days ago, I was musing about the disconnect between wages and productivity. That is, productivity was racing ahead yet wages were pretty dismal. That’s not the way the deal is supposed to work—if workers are laboring their little tushes off in the workplace so that every hour worked is a more […]
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Low Wages, No Growth and Trouble Ahead
Posted on 12 April 2005.
On and off, I’ve been writing about the tenuous nature of the economy. The pundits keep talking about low unemployment and moderate growth. But, something doesn’t seem right to me: all I hear about are average people worried about being in debt up the wazoo, huge health care costs (and going up) and no retirement. […]
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