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  • The end of the American dream? (Wages stagnant)

    09/05/2006 10:18:21 AM PDT · by Hydroshock · 91 replies · 1,454+ views
    BBC.com ^ | 9-5-06 | Steve Schifferes
    The US economy has been generating strong economic growth over the past few years as it has come out of recession. After growing at more than 3% a year in 2004 and 2005, the pace picked up to a blistering 5.6% annual rate in the first quarter of this year - although the pace has since then slipped back to 2.9%. So far, though, little of that growth has translated into the hands of the average worker, according to new research from the Economic Policy Institute (EPI). Click here for a graph of wages vs. productivity For real household incomes,...