Jurriaan Bendien wrote:
In the USA, if total real disposable income per year is about $8 trillion, a change in the cost of living of 2% makes a difference of $160 billion, which is equal to the disposable annual earnings of 6 million+ workers at a modal wage.
And which is still 2%, a rather small "bribe."
Doug
Workers know the difference between a 2% raise and a 4% raise in wages and pensions. Also. the CPI makes a difference in Social Security.
Imagine what workers think if their raise is 2% below the CPI YEAR AFTER YEAR. -- Yoshie
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- Re: super-profits, (continued)
- Re: super-profits, Jurriaan Bendien Wed 15 Sep 2004, 14:27 GMT
- Re: super-profits, Doug Henwood Wed 15 Sep 2004, 16:56 GMT
- Re: super-profits belatedly, Jurriaan Bendien Thu 16 Sep 2004, 05:20 GMT
- Re: super-profits, Doug Henwood Wed 15 Sep 2004, 16:58 GMT
- Re: super-profits, Yoshie Furuhashi Wed 15 Sep 2004, 17:12 GMT
- Re: super-profits, Devine, James Wed 15 Sep 2004, 22:26 GMT
- superprofits, Doug Henwood Tue 14 Sep 2004, 22:41 GMT
- <Possible follow-up(s)>
- superprofits, Charles Brown Wed 15 Sep 2004, 15:27 GMT
- super profits, Devine, James Tue 14 Sep 2004, 21:26 GMT