Friday, May 28, 2004

Why My Job is Getting Harder
Mixed Reviews of the Economy

The economic recovery continues, sort of, but it looks as though the rich are getting richer, and the poor are getting poorer.  According to the Economic Policy Institute, corporate profits are up, but labor compensation has not kept pace in proportion, and private wage/salary income is down.  This information is portrayed differently n the Joe Hill Dispatch, but the conclusion is the same.  John Irons at Argmax echoes the same data.  In this post, I review the latest economic data and provide links that show the implications of the "Upside Down Recovery."

Read the rest at The Rest of the Story.