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The money's not trickling down, stupid

The New York Times, in a somewhat mealy-mouthed article on the fun topic 'is this a recession' produces the following:

For a variety of reasons that economists only partly understand — including technological change and global trade — many workers have received only modest raises in recent years, despite healthy economic growth.

Um, did you check corporate earnings and executive pay, maybe?

Posted by jbz at March 8, 2008 2:12 PM | TrackBack