business news in context, analysis with attitude

A new report from the US Department of Labor says that workers' wages and benefits grew by just 0.7 percent in the final quarter of 2003, the smallest quarterly increase in a year.

Analysts said that the reason for the small increase is that employers are keeping a tight rein on expenses because of concerns about the extent of the current economic recovery.
KC's View:
So not only are there fewer jobs out there, but the people who occupy the ones that do exist are seeing smaller increases than ever.

Sure sounds like a recovery to us.

We can't tell you how many times over the last few weeks people have mentioned to us in various conversations how they've ended up talking to people in Bombay when looking for customer assistance with technology products. And they're outraged.