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.

B4B9.jpg

Keep the Flyer Free!

Always independent, always free (never a paywall),
the Memphis Flyer is your source for the best in local news and information.

Now we want to expand and enhance our work.
That's why we're asking you to join us as a Frequent Flyer member.

You'll get membership perks (find out more about those here) and help us continue to deliver the independent journalism you've come to expect.


Favorite

Comments

Subscribe to this thread:

Add a comment

ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT

Readers also liked…

ADVERTISEMENT
© 1996-2018

Contemporary Media
460 Tennessee Street, 2nd Floor | Memphis, TN 38103
Visit our other sites: Memphis Magazine | Memphis Parent | Inside Memphis Business
Powered by Foundation