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Wednesday, May 11, 2005

FT.com / Home UK - US real wages fall at fastest rate in 14 years

FT.com / Home UK - US real wages fall at fastest rate in 14 years

If this keeps up, it wouldn't be a cut to change the way Social Security "benefits" are calculated, it would be an increase...

(Currently the rate of increase in "benefits" is tied to the rate of increase in wages -- Progressive indexing would tie the increase to inflation (i.e. the rate of increase in prices.))