Saturday, March 08, 2008

WHAT IS THE AP THINKING?

In an article about the U.S. economy, JEANNINE AVERSA of the AP writes:
Until recently, the positive forces of job and wage growth have helped to offset the negative forces hitting people from the housing and credit crises.

This is simply wrong. After adjusting for inflation, wages have been pretty much stagnant and the job growth has not kept up with population growth. (LINK)

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