Unemployment Rate Lowest in 5 1/2 Years [BUMPED UP FROM 2006]

>>Let me tell everyone what the Democrat response will be. "Yeah, but the jobs people have today are lower paying than the jobs during the Clinton administration (dot com boom)."

And hopefully people won't believe that just because a "Democrat" or somenoe otherwise parrots that. But instead of putting up that shield, let's look at real wages (not necessarily the dot com boom where people tended to make big money in the stock and options markets).

This article was posted by someone, but the key point is that wages and salaries now make up the lowest share of the GDP since they started keeping statistics on it. This probably has something to do with the hyper-inflated value of real estate (which IMHO has sustained the economy and borrowing through the last 4-5 years), but it also says that the lion's share of the earnings are going to the big dogs.

http://www.nytimes.com/2006/08/28/business/28wages.html?ex=1162702800&en=4583b9a378f5f2ee&ei=5070

You can dig deeper for charts and other information about the realities, but you're going to have to ask yourself the same question the Minutemen did back in the early 1980's, "Do you want new wave, or do you want the truth?"

:shrug:

TPS