On Sep 20, 2010, at 12:18 PM, Angelus Novus wrote:
> Hurray for Social Democratic Paradise Germany!
>
> http://polpix.sueddeutsche.com/polopoly_fs/1.824966.1274120302!/image/image.jpg_gen/derivatives/860x860/image.jpg
In what universe are U.S. real wages up 20% over a decade? Since this interval, 1995-2004, includes the only period in the last 35+ years in which we saw sustained real wage growth, the actual figure for real hourly earnings is +8%. Real hourly earnings are still 7% below where they were in 1973.
Doug
