Very good feature article in Sunday's Beacon on the slow earnings erosion of America's working families. Read it here if you haven't already.
The Reverend is going to go all Dick Cheney first, cherry picking specific information from Knox's feature piece....
Most workers today take home less pay per hour, adjusted for inflation, than they did in 1973.
Yet household income stays up mostly because more spouses and more children are entering the work force and everyone is working longer hours to maintain their standard of living.
''Since 2001-2002, we've seen no wage growth for either college grads or high school grads,'' said Lawrence Mishel, president of the Economic Policy Institute, a Washington, D.C., think tank.
More women in the work force is the main reason household incomes continue to rise, despite the steady decline in hourly wages, according to the Pew study.
"...no wage growth..." since 2001-2002. In spite of very deep and comprehensive voodoo economics inspired tax-cuts in the last 5 years...."...no wage growth..." has been the result.
Proof positive that "trickle down" or "supply side" theories, perennially championed by Republicans, would be better labeled as fiction.
Household incomes have gone up because......two people from the household are working now, instead of only one. So any boasting about household income going up is kind of a cruel joke.
What Knox did not include in the equation, and this is not a criticism, is the cheaper imported consumer goods which makes American worker families THINK they are doing economically better, even though they're really not.
And what I find extremely contradictory coming from the conservative side of discussions like this one, is that conservatives, at least today's conservatives, boast about being champions of "traditional family values", while at the same time championing tax cuts for the investor class and the elimination of middle class jobs. Apparently those values do not consist of anything that actually, like, you know, pertain to the day to day life of...umm....the family.
Conservative "values" voters vote for representatives who pass bills favoring powerful business over family, resulting in the need for more and more women(mothers) to enter the workplace in order for their families to not lose their standard of living. Then these same "values" voters decry the loss of cohesion in the "family unit" and complain about mothers not spending more time with their children.
Of course, as most of America knows now, conservatives don't much care about "traditional family values". That's why conservative representatives in government have long voted against families, workers and unions..... and they are still doing it today.
But do you know what these same "traditional family values" conservatives never vote against? I'll give you a two word clue..... Tax Cuts.
About This Blog