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Politics : Formerly About Advanced Micro Devices
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To: tejek who wrote (467062)4/5/2009 8:49:58 PM
From: TimF  Read Replies (2) of 1576758
 
After the Reagan tax cuts, growth in the median wage slowed, adjusted for inflation.

Those tax cuts occurred at approximately the same time as very tight money, a policy which the fed pushed to reign in the inflation from the 70s. There was a relatively severe recession. Coming out of that recession there was rather health growth, and the period following (middle 80s on in to the 90s) was one of fairly solid growth.

After George W. Bush's tax cuts in 2001 and 2003, the median wage dropped.

After 2003 the median wage went up. It went down recently but that's because we are in a recession.
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