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CNN/Money's Laugher on Economic Policy Institute's 'Stagnant Wages' Report: Part 1 |
| Published: September 4, 2007, 4:14 pm |
| Tags: economic policy institute, cnn money |
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In its Labor Day report entitled "GDP Growth Not Reaching Paychecks," CNN/Money began with this multi-faceted howler (bolds are mine): The economic expansion that began six years ago has failed to benefit most workers, according to a report from the nonpartisan Economic Policy Institute, released Monday. Productivity growth, although slower of late, has been strong since 2000. After a sluggish start in the period, employment has picked up, although at a slower pace than in past recoveries. Yet, that growth hasn't transferred to workers' paychecks, particularly for workers at the lower and middle end of the pay scale, the report found. After rising quickly in the second half of the 1990s, most workers' (sic) real wages have been stagnant in the 2000s, especially since 2003. This post will deal with EPI's claims; Part 2 deals with its absurd assertion, swallowed whole by CNN/Money, that it is "nonpartisan." As to the claims -- How convenient of EPI to begin by using [ Full article ] |
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