Why Conflicting Info on Wages?
It appears there is some conflicting information in the world of financial reporting here in the US. One day I read that wages were plummeting while cost of living in the form of energy expenditures like gas and electric were also going down. At the same time, housing was still experiencing a dip in rates.
Well, then I just read that wages are actually experiencing an upswing, as well as benefits paid to workers by the respective companies they work for. So, which is it? Well, it does appear that wages are at a high for a period of about two years when wages and benefits to workers like yourself and I were stagnating.
What does this mean for us as far as our personal finances? Well, hopefully it is a good thing! With population skyrocketing, and more jobs being created in new and innovative industries fueled by new technology, there may still be hope in a day when plants are closing left and right and we hear about thousands having to seek employment, like the recent Ford auto plant closing where hundreds of workers are being forced out of a job. At least they may be able to go on to better paying opportunities if it presents itself.
