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Household Incomes Have Declined In 45 of 50 States (1999-2005)

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Home » Discuss » Archives » General Discussion: Presidential (Through Nov 2009) Donate to DU
 
JABBS Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-05-06 12:56 AM
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Household Incomes Have Declined In 45 of 50 States (1999-2005)
Yesterday, JABBS noted that Labor Secretary Elaine Chao has been spinning lackluster job- and wage-growth numbers.

Chao boasted to CNN's John Roberts on Sunday that "Overall compensation has been up well over 6% since 2001. So overall, compensation overall is strong." But anyone with half a brain should realize that, by Chao's math, compensation is growing at a pace of 1.2% per year. With inflation at about 3% per year, that's not "growth." That's "not keeping up with inflation."

Want further proof? Check out this update, which includes a startling graphic.
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NVMojo Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-05-06 12:58 AM
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1. every Dem running for office needs to study this
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Erika Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-05-06 12:59 AM
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2. Chao and her boss are deceivers
But their special interest group backers have never seen higher profits. They stuck it to the working class big time.
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snot Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-05-06 01:15 AM
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3. K & R --
More of us than ever are working harder and more productively than ever and have less to show for it than ever. That will continue until we stop it.
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Yogi Donating Member (648 posts) Send PM | Profile | Ignore Tue Sep-05-06 03:44 AM
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4. K&R
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raccoon Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-05-06 09:43 AM
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5. thanks for the link. K & R. nt
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JABBS Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-05-06 10:08 AM
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6. thanks for the K&R
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w4rma Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-05-06 10:53 AM
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7. I'll bet the median income is much much worse. (nt)
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JABBS Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-05-06 11:18 AM
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8. why?
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