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Old 03-12-2006, 01:16 PM   #9
Tndfpcin

Join Date
Oct 2005
Posts
347
Senior Member
Default
Real wages have shown impressive growth in the last few months. This is not new. Wages never start to go up until the third year of a boom, because that's how long it takes for a labor crunch to begin as employers, confident in the boom, start adding more and more workers.

Don't do anything stupid to kill growth just as workers are finally starting to benefit from it.
How can it be a boom at all if wages aren't going up?
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