Monday, February 21, 2011

'Wage' Analysis Rather Uninteresting

When I hear people quote data on wages, I don't really care about the trend because without non-wage compensation such data are so misleading as to be meaningless. Case in point, the Milwaukee teachers and administrators. The salaries average $56,500 and benefits are $43,505. They get ten weeks off in the summer, 1 week at Christmas, 1 week for mid-winter break, 1 week for spring break, and 11 holidays.

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