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May 1984, Vol. 107, No. 5
Workers' purchasing power rises
despite slowdown in wage and salary
There is no clear relationship between changes in the purchasing power of wages and salaries and the business cycle; changes in purchasing power reflect the greater volatility of price, rather than wage, changes. This article examines fluctuations in the purchasing power of wages and salaries for private industry workers, as well as for major industry and occupation categories, over the 1976-83 period.
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Employment Cost Trends
National Compensation Survey
Occupational Compensation Survey
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