Sunday, May 29, 2011

Labour Costs

Here is an interesting graph of US labour costs in a post on the blog Tim Duy's Fed Watch:

Click to Enlarge

What I find interesting is how labour costs (that's income to working people) was high when Bill Clinton handed the economy over to George Bush, but then is slipped and slided along until the George Bush 2008 Financial Panic. Since then, wages have been held down by the Great Recession.

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