[lbo-talk] happy happy happy all the time!

[Mike Ballard]

>From 2000 through 2003, the median household income
fell by $1,500 (in 2003 dollars) -- a significant 3.4
percent decrease, writes Bob Herbert on the op. ed
page (page A19) of The New York Times, September 6;
Daily Labor Report, page A-6).  That becomes startling
when you consider that during the same period there
was a strong 12 percent increase in productivity among
U.S. workers.  Economists will tell you that
productivity increases go hand-in-hand with increases
in the standard of living.  But not this time.  Here
we have a 3.4 percent loss in real income juxtaposed
with a big jump in productivity. "So the economic pie
is growing gangbusters and the typical household is
falling behind," said Jared Bernstein, the Economic
Policy Institute's senior economist and a co-author of
"The State of Working America 2004/2005" (Information
about "The State of Working America 2004/2005 is
available at http://www.epinet.org
<http://www.epinet.org> ).

Regards,
Mike B)

=====
"Simplicity is the most difficult 
thing to secure in this world; 
it is the last limit of experience 
and the last effort of genius."

    
George Sand

http://profiles.yahoo.com/swillsqueal

__________________________________________________
Do You Yahoo!?
Tired of spam?  Yahoo! Mail has the best spam protection around 
http://mail.yahoo.com