Numbers Don't Lie

Wednesday, March 22, 2006

Where did the money go ?

The US economy has been growing since 2001, but all the benefits of that growth have gone into corporate profits instead of employees. In 2005, more than 80% of American workers saw their inflation-adjusted wages fall for the second year in a row.

Since 1990, while median family income has risen 5.8%, the cost of a bachelor’s degree jumped 63% at public colleges and 47% at private colleges. Health-insurance premiums rose 9.2% in 2005, more than 2.5 times the inflation rate.



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