Workers face paycheck pinch
By Mark Trumbull
The Christian Science Monitor
Mon Nov 7, 2005
For all its strength, the current economic expansion is not boosting the
American worker's paycheck.
Wages have been rising nominally: Average pay rose 8 cents last month to
$16.27 an hour, according to a government report Friday. That's not fast
enough to counter inflation.
By one common measure, average pay for an hour's work has less purchasing
power than it had four years ago - when the current growth cycle began.
It's a pattern of weak wage growth that's now several years old, but the
trend has worsened in recent months. Wages for the most recent quarter were
2.3 percent lower, after inflation, than workers received a year before.
-cont.-
http://news.yahoo.com/s/csm/20051107/ts_csm/awages_1&printer=1;_ylt=Ap._lrm9UA2IVUZQFamO672Oe8UF;_ylu=X3oDMTA3MXN1bHE0BHNlYwN0bWE-
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The number of Americans living in poverty increased by 1.3 million
last year (2003), while the ranks of the uninsured swelled by 1.4 million,
the Census Bureau reported Thursday (August 27, 2004).
http://www.cnn.com/2004/US/08/26/census.poverty.ap/
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"Those seeking profits," Jefferson wrote, "were they given total freedom,
would not be the ones to trust to keep government pure and our rights
secure. Indeed, it has always been those seeking wealth who were the source
of corruption in government. No other depositories of power have ever yet
been found, which did not end in converting to their own profit the earnings
of those committed to their charge."
http://www.commondreams.org/views04/0618-03.htm
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