Monday, September 04, 2006

Wages For American Workers Losing Ground

It is only proper to discuss the plight of the American worker on Labor Day. After all, to hear the Republicans talk, American workers must be doing great! They have told us that worker's wages are dependent on productivity, and productivity has risen by 33% in the last ten years. That must mean that workers wages have risen by around 33% - right? Wrong!

Wages did almost keep up with productivity for the five year period before Georgie became president. In the period between 1995 and 2000, during the administration of Democrat Bill Clinton, productivity rose by 2.5% each year, and worker's wages nearly kept pace by rising 2.2% each year. Under a Democratic president, workers were rewarded for becoming more productive.

Workers haven't done too well under Georgie's Republican administration. In the five year period between 2000 and 2005, productivity has grown by 3.1% each year, while worker's wages have fallen by 0.5% each year. This means workers have less buying power now than they did before Georgie became president, and that buying power continues to drop.

Georgie's presidency has been a real boon for the rich and powerful. They are paying less taxes and making obscenely large profits. But Georgie has been a disaster for American workers. Their wages have fallen and prices have risen, and now they must shoulder more of the total tax burden. Thanks to Georgie's policies, the rich are getting even richer, while everyone else is getting poorer.

How long is the middle-class going to put up with this before they boot the Republicans out of power?

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