To: .cnI redruM
I think it is also disingenuous to make the comparison to wages from 7 years ago -- at the peak of the dot-com Potemkin Village economy. Many people were overpaid at jobs that didn't really deserve to exist. We went through a very painful several year correction. The last few years have been good, which is why most workers are (or should be) content with the current economy. Trying to talk-down the current economy by comparing current wages to the peak of the dot-com era is just number juggling with the intent to mislead.
60 posted on
09/26/2006 12:39:11 PM PDT by
El Cid
To: El Cid
those dotcom fantasy jobs were blown out of the system by the end of 2001. the steady offshoring by large cap US tech companies has continued unabated since then.
To: El Cid
That's also an interesting point. It raises the question of whether the average real wage is cyclical or linear. I tend to think it has a cyclical nature, like almost any other economic variable.
I tend to think, however, Bartlett is so crudely anti-Bush that his choice of years is driven by no other criterion than picking a year Clinton was in office.
66 posted on
09/26/2006 12:43:19 PM PDT by
.cnI redruM
(Robert Heinlein's 5 grades of coffee: Java, Cafe, Jamocha, Joe, Carbon Remover)
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