Wednesday, March 29, 2006

Where did the money go?

The US economy has been growing since 2001, but all the benefits of that growth have gone into corporate profits instead of employees. In 2005, more than 80% of American workers saw their inflation-adjusted wages fall for the second year in a row. Since 1990, while median family income has risen 5.8%, the cost of a bachelor’s degree jumped 63% at public colleges and 47% at private colleges. Health-insurance premiums rose 9.2% in 2005, more than 2.5 times the inflation rate.

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