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> During every bull market real pay gain is less then the gain in
> productivity. when real pay gains exceed the gain in productivity
> then prices rise, margins dwindle and stocks go down in price.
Interesting, Ira! Do you (or does anybody) know of a source for
historic & current data for pay gains & productivity?
I'm sure it's available somewhere at http://www.bls.gov/datahome.htm,
but I've dug through there and it's a bit like trying to find a book
in a library without knowing its call number. :-( If somebody
already knows where to find this info, I'd appreciate a pointer.
Gary
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