“From the Wall Street Journal’s Washington Wire:
PARTISANS WRANGLE over workers’ well-being ahead of Labor Day.
National Association of Manufacturers says 82% of work force saw inflation-adjusted wage increases in past year, buffering fallout from mortgage mess. But liberal Economic Policy Institute finds “slow to stalled” progress for typical workers, whose 3% wage gain since 2000 lags behind 20% productivity gain.
The “liberal” Economic Policy Institute is an arm, an adjunct, a weapon of organized labor, and its report reflects the official union line on the economy and jobs.
Here’s the full title of EPI’s Labor Day analysis: “Economy’s Gains Fail to Reach Most Workers’ Paychecks.”
OK, not only is it wrong (see NAM’s Labor Day report), if taken seriously, it reflects such a morose, sad-sack view of the world. Life is horrible, and we’re all victims. Gee….
I was looking for a job, and then I found a job
And heaven knows I’m miserable now
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