Our GREAT Booming Economy ~~ HUH for Who Rich People?
I listened to the head of Miltary Recruiters talking to Chris Matthews the other night telling Chris that the reason for the fall in recruitment was the "booming economy." I had to roll on the floor laughing. According to Financial Times:
US Real Wages Fall At Fastest Rate Since Last Republican Administration:
Real wages in the US are falling at their fastest rate in 14 years, according to data surveyed by the Financial Times.
Inflation rose 3.1 per cent in the year to March but salaries climbed just 2.4 per cent, according to the Employment Cost Index. In the final three months of 2004, real wages fell by 0.9 per cent.