I guess Bernanke didn't get the memo that real wages have generally been going downward the past few years...whoops.
Not years. Decades. Real hourly wages peaked in the early 70s.
I would guess that Bernanke got a raise and that's the basis for his comments. Like most upper echelon corporate sycophants he's having difficulty seeing beyond the scope of the blinders he's been wearing for a long while. Did Bernanke miss these few recent items?http://www.nytimes.com/2010/07/26/business/economy/26earnings.html?scp=7&sq=Harley-Davidson%20wages&st=csehttp://www.nytimes.com/2010/08/04/business/economy/04paycuts.html?adxnnl=1&adxnnlx=1281016835-uTHihrSHZ1G7vUeav4bEZAAnd even some executives are in danger, if they're not corporate executives that is.http://www.nytimes.com/2010/07/27/us/27nonprofit.html
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