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Wages have been
stagnant for the last 5 years. According to the Bureau
of Labor Statistics, the average earnings increase from
2000-2004 was 3.86%, 3.22%, 3.12%, 1.71% and 2.39%
respectively.
| YEAR |
2000 |
2001 |
2002 |
2003 |
2004 |
| WAGE INCREASE |
3.86% |
3.22% |
3.12% |
1.71% |
2.39% |
However wages have to
be compared to inflation to determine the real rate of wage
growth. For the same years, annual inflation was 3.4%,
2.8%, 1.6%, 2.3% and 2.7% respectively.
| YEAR |
2000 |
2001 |
2002 |
2003 |
2004 |
| ANNUAL INFLATION |
3.4% |
2.8% |
1.6% |
2.3% |
2.7% |
When inflation is
subtracted from wages, overall wage growth becomes:
.46%, .42%, 1.52%, -.59% and -.31% respectively for 2000-2004.
| YEAR |
2000 |
2001 |
2002 |
2003 |
2004 |
| ADJUSTED WAGE
INCREASE |
.46% |
.42% |
1.52% |
-.59% |
-.31% |
YET PRESIDENT BUSH CONTINUES TO
GIVE TAX BREAKS TO THE WEALTHY.
PRESIDENT BUSH AND THE REPUBLICAN
CONTROLLED CONGRESS CONTINUE TO HAND OUT MONEY AND
TAX BREAKS TO CORPORATIONS
ALREADY BLOATED WITH CASH.
WHERE IS YOUR OUTRAGE,
AMERICA? |
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