Washington Post: Our Inequality of Outcomes

[marmar]

Our Inequality of Outcomes
By Steven Pearlstein

Wednesday, August 27, 2008; Page D01



Hey, good news on the income front: The Census Bureau reported yesterday that median earnings for full-time male workers rose by $1,653 last year, to $45,113, after adjusting for inflation.

Another year like that, and maybe the typical male worker will finally catch up to where he was in 1973.

Truth is, despite the squishy nature of income data, things haven't been so great for the middle and working class for some time. Every now and again you get a good year like last year, when wages and household incomes increased. That's usually at the tail end of an economic expansion.

But over the past 35 years, the typical American household has managed to eke out only a 15 percent increase in its pretax income. During that same period, the productivity of the American worker -- the value of the goods and services produced per hour worked -- has increased by 90 percent.

So where did all that money go? .......(more)

The complete piece is at: http://www.washingtonpost.com/wp-dyn/content/article/2008/08/26/AR2008082603176.html

[Captain Hilts]

1. I saw this yesterday. All the good articles in the WP are hidden in the back of the paper...

or page A17.

We need to talk about the regressive nature of payroll taxes. And business's smaller contribution to the tax pie than 50 years ago.

K&R

[oldskool]

2. It went to pay off

third world countries debt. Seems the globalist (NWO) are in
both parties.