Where Is That Raise?

In case you have forgotten or thought the situation has improved, pay is not keeping up with the cost of living. According to the article from Investor’s Business Daily,

The working poor and middle class are getting hit the hardest. Higher gas and food prices buffet hourly wage earners the most. Skilled white-collar workers are just slightly better off, though they are also more likely to benefit from bonuses or home appreciation.

As a worker low on the organization chart, bonuses don’t benefit me much. Without a home, there’s nothing to appreciate. (Well, I appreciate being alive, but that’s not what they meant.)

The article places the blame squarely on globalization.

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Flexo, the owner and creator of Consumerism Commentary, has been blogging and writing for the internet since 1995 and has been building online communities since 1991. Find out more about him and follow him on Twitter.

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