Private Wages Shrink to Historic Low as Income From Government Benefits Rises

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Private pay shrinks to a historic low.

Paychecks from private business shrank to their smallest share of personal income in U.S. history during the first quarter of this year, a USA Today analysis of government data finds. At the same time, government-provided benefits — from Social Security, unemployment insurance, food stamps and other programs — rose to a record high during the first three months of 2010.

 

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