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When less is more: Even as wages rise, earning power drops

WV Gazette
12/14/2014
When less is more: Even as wages rise, earning power drops By Paul J. Nyden When people think about their wages, annual salaries and expenses it’s not always easy to compare current costs to past costs and figure out just what has changed financially. The minimum wage, created in 1938, has gone up over the years. But if wage increases are calculated using inflation rates, those increases are often quite small or even non-existent. “Wages are certainly one indicator of how people are doing. “But inflation is something that also should be taken into account when you are trying to understand the context of those wages and how they relate to the costs of living – the costs of things like shelter, food and retail goods,” said Jennifer Shand, director of Marshall University’s Center for Business and Economic Research. “Changes in price levels and in what things cost have an impact on wages. That will determine whether folks are doing better than average or not.” Read more

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Title game generates buzz, sales

Herald-Dispatch
12/3/2014
Title game generates buzz, sales Dec. 03, 2014 @ 11:00 PM BEN FIELDS HUNTINGTON — There’s no doubt some air left the sails of Marshall Thundering Herd football when a 2-point conversion from Western Kentucky at Joan C. Edwards Stadium last week ended the Herd’s hopes at an undefeated season and a New Year’s Day bowl game. Still, the Herd (11-1) will play in the Conference USA Championship game for the second consecutive season, hosting Louisiana Tech at the Joan on Saturday at noon. It’s the first conference title game to be played in Huntington since the Herd beat the Toledo Rockets, 49-45, for the Mid-American Conference title in 2002. Jim Brumfield, owner of Glenn’s Sporting Goods on 4th Avenue, said a home championship game brings its own unique momentum to the city, and will produce a big weekend for area retailers. Read more