Guess what state had the greatest rate of wage increase? North Dakota did. Now, we could get into the semantics of what this means: the larger rate doesn't necessarily mean the better end result, but in terms of improving wages versus inflation this is a boon to the state, who has problems keeping employees in the first place. Let's see 2006 as the year wages go on an increasing run, and home valuation takes a dive. This'll be scary for the people who took out an insane $200,000 loan on a poorly-built home in the Sprawl, but if you're making more money put more thought into your financial planning and get the most out of the raise. However, in terms of bringing wage-earners into the economy and/or reducing welfare, high wage-vs-housing ratio is much, much better for everybody.
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