Monday, April 04, 2005

"I got mine" just doesn't work...

...even if you think you've got yours. The NYT explains it all for you...
The longer-term trend is even more disturbing than the monthly snapshot. In 6 of the last 12 months, job creation has not been strong enough to absorb the growth of the work force. In such a weak labor market, wages are stagnant or falling. Over the past year, for instance, hourly wage increases averaged only 2.6 percent for the 80 percent of the work force made up of non-managers in both white- and blue-collar jobs. The inflation rate for the same period has not yet been released, but it's a safe call that in March, wages failed to outpace price increases, as has happened every month since last May. That adds up to only one thing: a downturn in living standards, which will accelerate as oil prices, now well above $50 a barrel, consume an ever larger chunk of take-home pay.
No matter what class you identify with, or whether you think class distinctions matter at all, the destruction of the American middle class that's taking place under the Bush regime ultimately hurts us all, hence it hurts you.

The bottom line is simple. George W. Bush doesn't care about you, because he figures he already has his, and by the time he's done, all his friends will have theirs.

And I figure each and every one of them deserves exactly what's coming to them...

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