Tuesday, October 21, 2008

we must fix the economy in time to secure the gains made by our Noble Plutocrats

Workers reap few benefits as U.S. productivity grows

Since the 2001 recession, the American work force has contributed to a robust 20 percent growth in productivity, as measured by the gross national product.

Yet seven years into this economic cycle, most middle-class American households (aka, the WHINERS... Ed.) have less inflation-adjusted income than they had when it started...

Particularly notable about the stagnant pay is that it affected not just the lowest-paid or least-skilled, but college-degreed, professional workers as well.

The exception in compensation gains was for the top 1 percent of earners, who have considerably widened the pay gap between themselves and other workers. (YAY! Ed.)

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