Tuesday, June 22, 2004

Bush's economic recovery

Kevin Drum links to a really telling -- and disturbing -- chart from the Economic Policy Institute.

The chart compares the change in corporate profits, labor compensation, and private wage and salary income for the current recovery under Bush versus averages from the last eight recoveries.

It shows that, during this current recovery, corporate profits are skyrocketing, while the money the worker bees take home may actually be falling, once inflation begins to tick up. That has not been true of the last eight recoveries, on average.

One man's (CEO) recovery is another man's descent into bankruptcy.

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