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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: Kenneth E. Phillipps who wrote (553825)	3/19/2004 6:48:27 PM
From: Kenneth E. Phillipps	Respond to of 769670

"But this cycle has not been a normal one. According to the Economic Policy Institute, this is the first time since 1939 that the number of jobs has not recovered to pre-recession levels nearly three years after the recession's onset. Real weekly incomes fell last year for workers in the bottom half of the wage distribution. And overall labor incomes, excluding bonuses and one-time payments, have been virtually stagnant for nearly three years. At this point in a normal recovery, total real labor compensation would be up by about 2.6%. Instead, it is down by more than 3%. As a result of anemic job and wage growth, America's consumers are missing about $350 billion to $400 billion in income, compared with past cycles."