Monday, September 11, 2006

can they do anything right?

from Average Slice of Prosperity is Thin:
Read all about it. The numbers say the U.S. economy has been robust over the last two years. The only problem is that the numbers don't equate to Herbert Hoover's 'a chicken in every pot.'

Your chicken is most likely a McNugget.

Since 2003, despite an economic expansion fueled by increasing worker productivity (longer hours), median pay for American workers has declined 2 percent relative to inflation.

So, who's doing well?

Reports The New York Times, "Wages and salaries now make up the lowest share of the nation's gross domestic product since the government began recording data in 1947, while corporate profits have climbed to their highest share since the 1960s."

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