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:: Friday, June 20, 2008 ::
U.S. Slowdown, Price Increase Isn't Your Father's Stagflation - By Carlos Torres and Rich Miller, Bloomberg.com The shift away from manufacturing and toward services has also contributed to a drop in labor-union membership that's reduced the ability of workers to get larger wage concessions. Union members accounted for 12 percent of the workforce in 2007, down from 20 percent in 1983 when the Labor Department started keeping records.
posted 6:46 AM :: reference link ::
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