CRANKed

Monday, August 28, 2006
The Republican Economy
 
The following paragraph from the New York Times tells you all you need to know about Republican economic policies
wages and salaries now make up the lowest share of the nation’s gross domestic product since the government began recording the data in 1947, while corporate profits have climbed to their highest share since the 1960’s.
Also, "Total employee compensation" has fallen to levels not seen since 1966. All of this despite double digit gains in worker productivity. While workers are being more productive, the fat cat corporate chiefs are reaping all the benefits. Keep these figures in mind next time you hear some Republican attack dog use the phrase "class warfare."




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