Bad news: Unemployment is down and wages are up
Date Written: 03/11/2007
Resource Type: Article
Cx Number: CX21757
Normally, the corporate media are violently allergic to any suggestion that class conflict exists at all, let alone that it is fundamental to our capitalist economic system. However, in the business news one is more likely to encounter plain speaking. A case in point is the Globe and Mails report on the fears and upset that October's economic data have sparked among economic forecasters and currency traders. The reasons for their worries? A fall in the unemployment rate, and an increase in real wages.