I know wingnuts will scream “class warfare”, but I don’t think it’s class warfare to report the facts. A study was released yesterday by the Center for American Progress and Policy Matters Ohio showing that most people are being left out in the recent economic rebound.
The study said Ohio worker productivity increased 2.1 percent annually from 2000 through 2005, but average weekly wages, adjusted for inflation, were up 0.2 percent.
Meanwhile, executive pay grew 3.4 percent on average and U.S. corporate profits jumped 50 percent in the same period, researchers said.
(I know this isn’t typical fare for Plunderbund, but my other blog is currently suffering technical difficulties, so you all are going to have to tolerate this stuff temporarily.)