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Archived News Release--Caution:
information may be out of date.
For more information call: 202/219-8211.
latest wage and compensation data released today show that
despite a strong year of economic growth, improved productivity, a surging
stock market, and near record corporate profits, the wages of working Americans
have suffered the largest decline since the series began eight years ago.
The solution to this problem is not a capital gains tax
cut or slashing the budget for education and training. Our challenge continues
to be to make the economy work for working Americans. And the way to meet that
challenge is to boost investments in human capital, which leads to more jobs
and higher wages.
Archived News Release--Caution:
information may be out of date.
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