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Still on the Job, but Making Only Half as Much

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DAILY DEFLATION DATAPOINT
Pay cuts, sometimes the result of downgrades in rank or shortened workweeks, are occurring more frequently than at any time since the Great Depression, the New York Times reports. Total weekly pay for production workers, representing 80 percent of the work force, has fallen for nine consecutive months, an unprecedented string over the 44 years the bureau has calculated weekly pay, the Times reports. The old record was a two-month decline, during the 1981-1982 recession.
SOURCE:   New York Times

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