Thursday, December 3, 2009
What recovery?
Figures are in. Employee are getting lower wages. Macy's said Thursday its same-store sales fell worst-than-expected 6.1% from last year. Let me see, last year we were in free fall and in a recession. Debunkers say "Listen, you're crazy, everything is fine." Do the math. People are losing jobs, those who still have jobs are getting less hours, and many are forced to take cuts in wages.
Labels:
wages
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