2 comments on “Timmy elsewhere

  1. “urban workers increased their earnings to about 7 per cent of the corresponding US compensation in 2008 from about 3 per cent in 2002, earnings in rural areas increased only marginally to just above to 2 per cent of US wages” … the wage differentials are truly astonishing – sure am glad I’m on the high wage end of it. Good to see them pulling themselves up the wages ladder so quickly.

    Tim adds: The gap is much lower when we look at PPP rates…..adjusting for the different costs of living.

  2. “The gap is much lower when we look at PPP ” true enough, none the less astonishing that an hour of toil here has so much more hard currency hitting power.

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