Didn't Iran blink?

A mostly political Weblog.
April 8 2007 6:20 AM

Didn't Iran Blink?

Seeing "humiliation" in muddled success.

kf's First Rule of Journalism Vindicated! They laughed when kf , generalizing wildly from personal experience, claimed a sign in a Westwood burger shop showed  that

tight labor markets--produced by growth and maybe a boost in immigration enforcement--eventually raise wages at the bottom, and we are starting to see that.

They're still laughing. But, a week later, the wild generalization is looking pretty good, if not eerily prescient. (From the 4/7 L.A. Times):

Wages, which initially lagged behind job growth as the economy recovered from its 2001 recession, continued their more recent growth ... [snip]

Average hourly earnings of production workers increased by 6 cents to $17.22, and weekly earnings rose by $3.75 to $583.76. Over the last year, hourly earnings have risen by 4% and weekly earnings by 4.4%.

Thus, earnings are rising faster than price inflation, which, excluding food and energy, rose 2.4% in the most recent 12 months.

P.S.: Note that the government's "average hourly earnings" figures have been controversial in the past because they appear to understate wage gains. If even they show an improvement ... Update: Drum comments. I originally got my criticisms of the "average hourly earnings" data from Barry Bosworth, who has a paper on the subject here, which I'd happily pay for if I could figure out how. ... 2:58 A.M.

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Tish Durkin speaks truth to HuffPo. A post they should keep on the front page for the rest of the year. ... 2:04 P.M.

Zell Kvells!  William Beutler says Sam Zell has "no idea what he's talking about" when it comes to the Internet. ...  Holman Jenkins thinks the Zell/Tribune deal won't go through once the shockingly favorable (to Zell) details are exposed. ...  1:25 A.M.

From a Layup to a Tossup--The Dems Switch Debates: Here's something I only realized under prodding from Bob Wright on Bloggingheads: There are two obvious possible debates to have about Iraq:

Debate A: Was launching the war a good idea in 2003?

Debate B: Should we "surge" or withdraw in 2007?

Haven't the Democrats, by prosecuting their funding fight with Bush over setting a withdrawal deadline, succeeded in changing the Iraq debate from A to B? From a debate over the war to a debate over the surge? From a debate about the last four years to a debate about the last four months?

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