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Politics : Stockman Scott's Political Debate Porch -- Ignore unavailable to you. Want to Upgrade?

To: Victor Lazlo who wrote (35991)	1/22/2004 5:14:19 PM
From: Mannie	Read Replies (1) \| Respond to of 89467

The growing deficit is a much stronger leading indicator.

To: Victor Lazlo who wrote (35991)	1/22/2004 10:25:10 PM
From: Lizzie Tudor	Read Replies (1) \| Respond to of 89467

oh sheesh Victor, are you still touting these hollow economic claims? Tomorrow the WSJ will have a piece on the huge wage gap between rich and poor which has emerged in the Bush term, reversing the Clinton middle class boom. It is a detailed analysis of this study. I'd love to know how the white house can balance the huge GDP and other falsies with the fact that growing industries are paying 40% less than industries that are shrinking. Does that add up to a booming economy? Jobs shift to lower-paying sectors LABOR LOSSES LARGE IN MANUFACTURING, PROFESSIONAL INDUSTRIES In almost every state, including California, jobs are shifting from higher-paying industries to lower-paying ones, according to a report released Wednesday by the Economic Policy Institute. Underneath this relatively small job loss, however, were larger losses in industries that typically pay well: manufacturing, the information sector and professional and business services. Job gains came in areas that often pay less: education and health services, leisure and hospitality and retail. The average pay in California in industries that grew during the period studied was $34,742, 40 percent less than the average wage in industries that shrank, $57,800. ``What I found most surprising was that the job shift to lower-paying industries has happened in 48 of the 50 states,'' said Michael Ettlinger, a policy analyst at the Economic Policy Institute who worked on the study. The study's authors said previous research showed that during the boom years of the late 1990s, the pattern was the opposite, with jobs shifting toward higher-paying work. siliconvalley.com