To: MassRepublicanFlyersFan
"The report also found that between 1947 and 1974, productivity, or output per hour, and median family income, adjusted for inflation, both roughly doubled. Between 1974 and 2000, productivity rose 56 percent while income rose 29 percent. Between 2000 and 2005, productivity rose 16 percent while median income fell 2 percent, challenging "the notion that a rising tide will lift all boats," the report says."
2 posted on
05/26/2007 4:24:03 PM PDT by
Texas_Jarhead
("nothing gets figured out if you don't bother to stop and think about it", Thomas Sowell)
To: Texas_Jarhead
Between 2000 and 2005, productivity rose 16 percent while median income fell 2 percent, challenging "the notion that a rising tide will lift all boats," the report says."Wasn't that the period after the "Clinton bubble" burst, when hundreds of thousands of people lost jobs? To compare twenty-five year swaths with a 5-year period, most of which was a recession, is sloppy statistics.
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