Real wages down for second year in a row
Real wage earnings for most Americans declined for the second year in a row. See the Economic Policy Institute's Wages down for second full year.
Real wage earnings for 80% of Americans remain at their 2001 level despite a 13.5% increase in labor productivity over that period.
You don't have to scratch too far below the surface to see the failure of the Bush economic recovery.
posted by Lynn @ 12:10 PM
1 comments
1 Comments:
In a related statistic, I the median income of Americans (in constant dollars) has fallen each of the past five years (read: Bush administratin). I believe this was cited by the IRS, but I can't but my hands on actual recorded statistics... just heard in on Morning Edition (NPR).
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