The Last Shoe to Fall
Haven’t the Democrats maintained, as unemployment and the defecit dropped and the Dow soared, that workers’ wages were the true and only measure of economic health?
Wages and benefits paid to American workers rose in the July-September period at the fastest pace in more than two years.
The Labor Department reported that its Employment Cost Index was up 1 percent in the third quarter, compared to a 0.9 percent rise in the April-June period. It was the biggest quarterly increase since a similar 1 percent rise in the second quarter of 2004.
What now, scream about inflation?