Average hourly pay is falling in real terms.
To define an accumulator to track a YTD balance by department for each payee's hourly pay.
They have little prospect of finding new jobs with the same hourly pay.
We assume that the working week is cut from forty hours to thirty, with no change in hourly pay.
Average hourly pay is falling in real terms. Meanwhile houses, most Americans' biggest asset by far, are tumbling in value at a pace that exceeds that seen in, yes, the Great Depression.
That our wages are calculated as an hourly payment hides the fact that for part of every working day, the boss is actually getting something for nothing.
