Krugman- Feel The Rapacity

[n2doc]

May 8, 2011, 2:51 PM
Feel The Rapacity
One commenter on my inflation monster post suggests that while private-sector wages may be going nowhere, the story is different for “rapacious” workers in the public sector. Ah, those pillaging schoolteachers (because that’s largely who we’re talking about).

Anyway, the BLS doesn’t provide an hourly wage series for public sector workers, but it does offer the employment cost index, a measure of wage and benefit costs adjusted for worker characteristics. Here it is:


Feel the rapacity!

http://krugman.blogs.nytimes.com/