NAM: Higher energy costs have cut US workers’ wages

09/04/2006
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...
read-story

Why Register?

Non-subscribers can only view whitepapers by providing name, home and email address, phone number and other information and comment on/rate articles.

Why Subscribe?

Oil & Gas Journal subscribers with login credentials can access these premium features of OGJ Online:

  • Current Issue – an html version of the current week's issue of Oil & Gas Journal.
  • Past Issues – An Electronic OGJ Archive. A keyword-searchable archive of all issues of Oil & Gas Journal dating back to 1990; also searchable by issue date.
  • Market Journal – a weekly round-up of the oil and gas markets, with observations from leading analysts.
  • Editor's Perspective – a short article of insight and opinion by the Editor of Oil & Gas Journal.
  • OGJ Industry Stats – quick access to current industry statistics from Oil & Gas Journal.
  • OGJ Survey Downloads - quick access to exclusive reports from Oil & Gas Journal.

 

Subscriber Help or Subscribe

Oil & Gas Journal Subscribers: Have your subscription number (from the mailing label on the cover of your Oil & Gas Journal) and e-mail address ready to set up your online account through Customer Service Assistant.

If you're not an Oil & Gas Journal subscriber, start a subscription and gain access to the subscriber areas of OGJ Online now.

Stay Connected