Thursday, September 11, 2008

What Republicans hath wrought

I'd add cables news blowhards to the wage non-growth curve:

"Workers with professional degrees, such as doctors and lawyers, were the only educational group to see their inflation-adjusted earnings increase over the most recent economic expansion, adding to the concern that the economy has benefited higher-earning Americans at the expense of others.

Workers in every other educational group -- including Ph.D.s as well as high school dropouts -- earned less in 2007 than they did in 2000, adjusted for inflation, according to data from the Census Bureau. Data don't include 2008 earnings.

The recent data are the latest reminder of how college degrees, long seen as a path to the middle class, no longer guarantees fatter paychecks every year. The statistics also indicate how deeply economic divisions have grown despite the economic expansion that started in 2001."


Of course, the ONLY actual economic news we ever get is the Stock Market with morons like Larry Kudlow preaching GOP-talking points 24/7 -- and it's not like it's been an awesome stock market the last eight years either.

[fez tip to Hilzoy]

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