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Old 05-25-2010   #16
tpunx99GSX
 
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Re: Private pay shrinks to historic lows

Also what needs to be realised is that we just went through a major recession, where unemployment rates rose significantly, They werent cutting jobs off the bottom, but towards the middle and higher income individuals. so therefore you have a drop in salary rates. as well as companies passing up rate increases due to unforseeable futures. It will rise in time one can hope, but now that companies are starting to hire again its starting to look like the worst is over. As long as people start shelling out some money to buy products.
And yes, Recent college grads should be happy to know that each year i have been getting rate increases due to performance and expirence. It means they have much to look forward to as long as they remain agile.
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