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Joined: Aug 2005
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old hand
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old hand
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Here is the real cliff off of which 99% of the country is being thrown. But, it'll be too late if you only notice when you hit the bottom. Source: Census BureauThe economic boom that peaked in 2007 represented the first time that median real (that is, inflation-adjusted) incomes did not recover to their previous peak before declining into the next recession. More ominously, family incomes have yet to recover, even though the recession ended three and a half years ago. That has brought the total decline in real incomes to nearly 9 percent since 2000. So where has the economic growth from the recovery gone? Much of it has gone to corporate profits, as companies took advantage of the high unemployment rate and the ability to shift production globally to hold down wages in the United States. Comment By STEVEN RATTNEREmphasis added.
"The liberals can understand everything but people who don't understand them." Lenny Bruce
"The cleverest of all, in my opinion, is the man who calls himself a fool at least once a month." Dostoevsky
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