Hourly Wages Keep Falling
A major indicator of economic growth contradicts Bush administration claims the economy is " moving in the right direction " and paints a troubling picture of the supposed Bush "recovery." Despite gains in productivity and corporate profits, Sunday's New York Times reported, "The amount of money workers receive in their paychecks is failing to keep up with inflation ." According to the nonpartisan Economic Policy Institute (EPI), "real hourly and weekly earnings have fallen for six out of the last seven months ," with those averages dipping sharply in June. [more]
- Survey: Minorities perceive, receive less pay equity [more]