Boston Globe/NewsBusters class-warfare ping to Today show list.
"Wages Not Rising with Profits"
"Recession to Occur if Oil Hits $100 Barrel"
"Home Loan Demands Near Three Year Low"
"Wealth Gap Rises"
And so on. They MSM is desperately trying to paint a sour picture, in hopes that the electorate will vote with their perceived pocketbooks. For the most part, the stories seem to be of either a speculative nature, or a play on statistics that don't tell the full story. What do you expect from the MSM?
The notion that corporate profits are up, but wages are flat is untrue. As the article points out, benefits are up and therefore compensation is up.
What is especially bothersome is that the cartoon indicates that our wages are FALLING. Anybody had a cut in pay recently?
This also proves something else besides tremendous bias on the part of "The Boston Globe." It proves that reporters know virtually nothing about economics. It also proves that reporters hate anyone who has money or is likely to be paid a decent wage.
Reporters can be such schmucks. I know. I used to be one!
Thank God that chapter of my life is over. Phew!
Well, health care expenses are way up so companies are paying more. But to the worker, that isn't perceived as a wage increase.