• Salaries are still below where they were at the start of the recovery in November 2001. That, while productivity -- the growth of the economic pie -- is up by almost 15 percent. Meaning we're working harder, producing more, for the same money as five years ago.
• Since the recession ended in 2001, 50 percent more of the growth in corporate income was sucked up as profits than after past recessions. That's left less for those of us who work for a living.
• As a result, median household income has now fallen for five years in a row. It was 4 percent, or $2,000, lower in 2004 than it was in 1999
http://www.alternet.org/story/30447/
2007-05-24
03:34:55
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14 answers
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asked by
Anonymous