Job creation fell just shy of expectations in December, the Bureau of Labor Statistics reported Friday, with payroll employment growing by 156,000 and the unemployment rate rising a tenth of a percentage point to 4.7 percent, but the overall news was good as wages rose in the month at the fastest rate of the economic recovery. Althought job growth fell slightly short of the seasonally-adjusted 175,000 number expected by forecasters, the much bigger news in the report was that average wage…
The worst wages growth in 20 years is Joe Hockey's 'good news'
Where are you on the global pay scale? Click through to article at http://www.bbc.co.uk/news/magazine-17543356 The average wage, calculated by the International Labour Organization, is published here for the first time. It's a rough figure based on data from 72 countries, omitting some of the world's poorest nations. All figures are adjusted to reflect variations in the cost of living from one country to another.
Obfuscating the giving-away of Mexico to foreign capital (trade liberalization) under the cloud of the Mexican drug war fed by US govt & corporations' disaster capitalism - the effects of trade liberalization are disastrous according to Ana Revenga's paper - reducing demand for labor & decreasing the average wage by 3-4%: http://www.wired.com/dangerroom/2011/08/new-player-in-mexicos-drug-war-the-nra/ http://www.cbsnews.com/news/legal-us-gun-sales-to-mexico-arming-cartels/
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