On Mon, 02 Aug 2010 13:48:56 -0400, John H
wrote:
http://tinyurl.com/2cek8a8
why not read the truth?
http://www.ft.com/cms/s/2/1a8a5cb2-9...44feab49a.html
Dubbed “median wage stagnation” by economists, the annual incomes of
the bottom 90 per cent of US families have been essentially flat since
1973 – having risen by only 10 per cent in real terms over the past 37
years. That means most Americans have been treading water for more
than a generation. Over the same period the incomes of the top 1 per
cent have tripled. In 1973, chief executives were on average paid 26
times the median income. Now the *multiple is above 300.
The trend has only been getting stronger. Most economists see the
Great Stagnation as a structural problem – meaning it is immune to the
business cycle. In the last expansion, which started in January 2002
and ended in December 2007, the median US household income dropped by
$2,000 – the first ever instance where most Americans were worse off
at the end of a cycle than at the start. Worse is that the long era of
stagnating incomes has been accompanied by something profoundly
un-American: declining income mobility.
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i've been telling you right wingers that the middle class is getting
****ed.
how many pieces of evidence do you need to see before you'll admit it
to yourselves?