Investing News Blog

Tuesday, September 12, 2006

Good Economic Growth but Slowing Wages

The US economy has been showing good growth over the last few years but how does today's wages compare to those a few years back and is this growth helping out the average worker?. Well according to the research from the Economic Policy Institute the growth is helping the top 20% of the income bracket but not the lower levels, with lower income jobs even decreasing in wages compared to five years ago. This is an interesting read about what's happening with the economy and America's wages.

The end of the American dream?
"For real household incomes, the median point - the level at which half of households earn more and half less - has actually fallen over the past five years. That marks a notable contrast with the 1990s, when the economic boom boosted both jobs and incomes. The puzzle of economic expansion without significant job or wage growth has been troubling US economists and commentators of all political persuasions". BBC News

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