It’s Not New Jobs. It’s All the Jobs. By LOUIS UCHITELLE, NYTimes
The incomes of most workers, adjusted for inflation, are sinking.
The evidence for this assertion is piling up. The Census Bureau weighed in last week with the latest update on family and household incomes. Both declined through the first three years of the Bush administration. From the Bureau of Labor Statistics comes a similar story for individual workers. Whether the measure is median weekly pay or average weekly pay, the increases have been too small since last summer to keep up with a measly climb of 1 percentage point in the inflation rate.