Later On

A blog written for those whose interests more or less match mine.

Robert Samuelson: go away

leave a comment »

What a jerk. From his column today:

 Recessions also have often-overlooked benefits. They dampen inflation. In weak markets, companies can’t easily raise prices or workers’ wages.

Ah, yes: that great benefit, stagnant wages. How happy will be the hearts of the workers and their families as this benefit comes home—and in fact, they must be happy already, since real wages have been stagnant over the past several years, at least for the middle and lower classes. Those hedge fund managers, now, that’s another story.

Written by Leisureguy

7 November 2007 at 2:17 pm

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: