Workers Finally Get Theirs

Is the great wage drought finally over? All through 1994 and early 1995, corporate profits skyrocketed, with companies reporting quarter after quarter of record earnings. Unemployment fell to levels not seen since the late 1980s, as companies hired new hands. Yet with wages barely rising, many workers still found themselves losing out to inflation. The slogan for the recovery could have been: "Where's the beef?" Plenty of the nation's workforce griped that they could barely afford macaroni and cheese.

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