NAM: Higher energy costs have cut US workers’ wages

US workers’ real hourly wages have fallen because energy prices overall have climbed 80% since the end of the 2001 recession, said the National Association of Manufacturers in its 2006 Labor Day report on Aug. 28.“Rising energy costs are clobbering workers’ paychecks,” NAM Pres. John Engler told reporters. “Over the past year, energy prices have risen 23% due to increased global demand, limited domestic supplies, natural disasters, and global instability. As a result, real wages have fallen by 0.5% over the past year when they should have gone up by 1.2%.”Energy cost impacts are the single negative in a domestic economy where nonfarm productivity grew 2...

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