Monday, October 25, 2010

Scary New Wage Data

Posted By on Mon, Oct 25, 2010 at 1:58 PM

In a column helpfully titled "Scary New Wage Data," economist David Cay Johnston looks at wage and employment trends and concludes the obvious: middle- and low-income wages are stagnant or declining, while upper-income wages are booming. The trickle-down theory is a load of crap, in other words.

It's a long piece, but well worth your time. The bottom-line is that in their frenzy to get re-elected, politicians of every stripe have sold working-class Americans down the river.

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