We have no acceleration in wage growth, in fact wages are starting to go below 1990 levels...
Can you back that up, Liz?
That was a rhetorical question, BTW. NO, you can't.
In 1990, real wages for production and non-supervisory personnel began the year at $7.69/hr (1982 dollars) and ended the year at $7.56. They were flat in the $7.50-$7.58 range for the next six years, until early 1997. After that, they reach $8.00 in mid-1999 and ended Clinton's second term at $8.07 in Dec 2000. During his first term, they rose an average of 0.2% p.a.. During his second, they gained 1.6% p.a. Since Bush took office, they have risen to $8.29 for an average gain in real wages of 1.0% per annum, even with a recession.
Just thought you'd want to know. Of course, you can always argue that Bush made these numbers up, too.
...and now we are *supposed* to be in a 7% GDP climate.
LOL. No Liz, 8.2%. |
