‘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.

About Eric Falkenstein 136 Articles

Eric Falkenstein is an economist who specializes in quantitative issues in finance: risk management, long/short equity investing, default modeling, etc.

Eric received his Ph.D. in Economics from Northwestern University , 1994 and his B.A. in Economics from Washington University in St. Louis, 1987

He is the author of the 2009 book Finding Alpha.

Visit: Eric Falkenstein's Website

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