“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
– The Smiths,
Heaven Knows I’m Miserable Now — video
September 1st, 2007 on 3:33 pm
“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.”
If you want to rubbish the EPI report then you have too actually point out the factual errors, which I am sure that you can not do as there wouldn’t appear to be any.
It is an undisputable fact that median worker’s wages in the USA have been for all intents and purposes flat since the 1980′s .
The productivity gains since 2000 have gone disproportionately to the top 0.01% of the income distribution.
Fact.
Regards
Steve