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Florida wage growth at lowest level since the Great Depression [View All]

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Newsjock Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Apr-24-11 09:34 PM
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Florida wage growth at lowest level since the Great Depression
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Source: Palm Beach Post

Growth of wages in Florida, where pay already lags the nation, has nearly ground to a halt, reaching its lowest level since the Great Depression, according to the state Agency for Workforce Innovation.

... The fact that wages are growing at all might seem like good news in a recession, but economists say such statistics mask other problems.

"Generally, those that are less skilled, less educated, less experienced lose their jobs first, and those are people who are paid a lower wage," said Rebecca Rust, chief economist at the state Agency for Workforce Innovation.

In other words, some lower-wage workers whose earnings bring down the average during the boom years aren't figuring into the current numbers because they're not working.

Read more: http://www.news-press.com/article/20110424/BUSINESS/110... |topnews|text|Home
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