Sunday, May 01, 2005

Moral Values

One out of every two jobs created in the United States over the past 12 months was taken by a worker over 55. Economist Dean Baker says the flood of older workers is caused by the falling value of retirees' 401(k)s and the cost of health care.

The number of long-term unemployed who are college graduates has nearly tripled since 2000. Nearly one in five of the long-term jobless are college graduates, according to the Los Angeles Times.

The Center on Budget and Policy Priorities has a brand-new study out showing the uneven division of the fruits of the supposed economic recovery:

"The data show that the share of real income growth that has gone to wages and salaries has been smaller than during any other comparable post-World War II recovery period, while the share of real income growth that has gone to corporate profits has been larger than during all other comparable post-World War II recoveries."

In previous recoveries, workers got an average of 49 percent of the national income gains, while corporate profits got 18 percent. This time, the workers are getting 23 percent and the corporations are getting 44 percent -- about one half as much as the share that has gone to corporate profits.

None of that apply to you? Good. Go listen to Tom DeLay give another lecture on moral values.

Dumb Dems Let GOP Run Wild

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