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Old 07-22-2009, 08:26 AM
 
Location: here.
1,359 posts, read 2,102,539 times
Reputation: 432

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The numbers jumped off the first page of the governmental report on salary trends that came across the wires Tuesday morning:

Average weekly wages in St. Louis increased by 56.8 percent during the last quarter of 2008, the Bureau of Labor Statistics announced, the largest such gain in the nation.
By comparison, the bureau noted, "the U.S. average rose by 2.2 percent over the same time span."

Wages up 56.8 percent in St. Louis - STLtoday.com (http://www.stltoday.com/stltoday/news/stories.nsf/story/314FA79C18C972A8862575FA007AEE42?OpenDocument - broken link)
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Old 07-22-2009, 09:13 AM
 
Location: IN
21,438 posts, read 37,699,288 times
Reputation: 14009
Wait, it has to be some sort of miscalculation?!
(Edit) I guess that makes sense after further reading.
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Old 07-22-2009, 09:17 AM
 
Location: in here, out there
3,062 posts, read 5,950,009 times
Reputation: 5109
Everyone got a huge raise?
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Old 07-22-2009, 02:46 PM
 
Location: Chicago, Il
270 posts, read 760,721 times
Reputation: 102
Nope, just more STL companies getting bought out...
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Old 07-22-2009, 06:02 PM
 
270 posts, read 598,203 times
Reputation: 154
Metro:

That's what I am thinking too, that buyouts had something to do with the numbers. Ask around and I don't think you'll find many who saw a 50% raise lol
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Old 07-23-2009, 07:54 AM
 
Location: Chicago, Il
270 posts, read 760,721 times
Reputation: 102
Absolutely, the compensations from the InBev buyout and the Wachovia takeover (I'm sure there are more than these two) have inflated the reported wages that these companies have paid. These are one-time payments; wait for next year's numbers and I'm sure they will flaten out.
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