Data shows 80% of Americans with less weekly income in past year!
This week the Bureau of Labor Statistics released the average weekly wage data for blue-collar and non-supervisory white-collar workers. This group constitutes 80% of the American workforce and over the past 12 months, from March 2004 until March 2005, the average weekly wage for this 80% has dropped.
The economic recovery has only helped 20% of the American population and harmed the remaining 80%. How can anyone claim the Bush economic policies are helping America? The economic recovery has been in corporate profits and higher wages for supervisory and business executives.
Data on the weekly income of the top 20% was not released but it would show that the top 20% has experienced sizeable increases in their average weekly income in contrast to the 80% that experienced a loss in their average weekly wage. The irony is that many of the Bush supporters are in that 80% percent that have actually been harmed by the Bush policies. The prospect of higher inflation, higher interest rates and higher energy prices hold the promise for even more negative impact on the 80% already injured by the Bush agenda!