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Politics : PRESIDENT GEORGE W. BUSH
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To: American Spirit who wrote (484234)10/31/2003 12:54:32 PM
From: Original Mad Dog  Read Replies (2) of 769670
 
average wages have gone down $500 tyhis year. That is not a good sign.

I don't see a citation to any source for that statement. And I don't see much support for it in the actual numbers either:

U.S. Personal Income totals (in Billions of dollars; months seasonally adjusted at annual rates)
Source: bea.doc.gov (Bureau of Economic Analysis)(see Table 1)
Personal Income (in billions)

Feb.: $9080.2
Mar.: $9102.0
Apr.: $9119.8
May: $9155.4
June: $9192.9
July: $9218.5
Aug.: $9247.7
Sep.: $9274.8

That shows that U.S. personal income has increased every month for the past seven months.

A different way of looking at it is the government's data on National Income by Type of Income:

bea.doc.gov

This shows in line 2 that Compensation of Employees (in billions; seasonally adjusted at annual rates) has steadily increased for at least the past 7 consecutive quarters:

2002Q1: $5,908.4
2002Q2: $5,963.9
2002Q3: $5,988.4
2002Q4: $6,017.4
2003Q1: $6,064.5
2003Q2: $6,094.5
2003Q3: $6,131.0

If there are fewer jobs than before, and total personal income is up, and total compensation of employees is up, how is it that "average wages have gone down $500 this year" as you claim (without telling us where you got it)?

The simple answer is that you are, once again, factually incorrect.
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