Friday, October 03, 2008

Economic Reality

-The job market began to deteriorate even before the financial crisis reached a more serious stage two weeks ago.

-Over the past year, the average weekly pay of rank-and-file workers — roughly 80 percent of the work force — has risen only 2.8 percent, according to the new numbers. Inflation has been running at about 5 percent a year, which means that the most workers have taken an effective pay cut over the past year. (New York Times)

-For most working families, the economy has been in a meltdown for quite some time: they have seen their jobs outsourced, their wages decline, their benefits disappear, their homes foreclosed and the American Dream becoming more remote. (Change to Win)

And millionaires want the workers of America to bail them out? These are the same people that are actively working against labor!

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