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Down not Up

The Economic Policy Institute points out that while real GDP grew well over 3% for the second half of 2003, real wages didn’t grow at all.

This entry was posted on Friday, January 2nd, 2004 at 3:49 pm and is filed under the dismal science. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

One Response to “Down not Up”

  1. StillDocked says:
    January 2, 2004 at 9:42 pm

    Does that surprise you? Wages are generally secondary. Real wages should rise once capital spending returns to it’s pre-bubble level.