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Keyword: medianhourlywage

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  • 'These Staff Reductions Are Due, In Part, to Our Productivity Initiatives'

    09/01/2006 8:07:38 AM PDT · by Jane2005 · 2 replies · 145+ views
    TCS Daily ^ | 9/1/2006 | Jerry Bowyer
    The median hourly wage for American workers has declined 2 percent since 2003, after factoring in inflation. The drop has been especially notable, economists say, because productivity -- the amount that an average worker produces in an hour and the basic wellspring of a nation's living standard -- has risen steadily over the same period. -- "Real Wages Fail to Match a Rise in Productivity" by Steven Greenhouse and David Leonhardt, The New York Times, August 28th, 2006 We decreased the size of our workforce, beginning last summer, by approximately 200 positions. In September, we announced the elimination of another...