WAGE GROWTH LOWEST IN NINE YEARS: Wages and benefits "rose last year by the
smallest amount in nine years," according to new figures released by the
Labor Department. But even this small increase was not enough to keep up
with inflation. "When inflation is considered, overall compensation fell by
0.3 percent."
Additionally, "there was a slowing of benefit costs in 2005 as employers
struggled to deal with surging health costs." But while working Americans
struggle to deal with skyrocketing health care and home heating costs, Exxon
Mobile's profits surged to a record $10.7 billion -- $1,073 a second --
"capping the most profitable year for any company in U.S. history."
http://www.businessweek.com/ap/financialnews/D8FFPK081.htm?campaign_id=apn_home_down&chan=dbYep, Bush's "Base" eats steak while the rest of America eats oatmeal.
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