 |
 |
   Twenty years after the fall of the Berlin Wall, Gnter Grass still thinks reunification was a bad idea.
 Forty years of writing from Taylor Branch, James Fallows, Katherine Boo, Marjorie Williams, Joshua Micah Marshall, and more.
 With help from Washington, the for-profit college industry is loading up millions of low-income students with debt they'll never pay off.
 The best recent memoir from republican Washington is a hoax. That should tell you something.
|
   |
|
|
June 24, 2004
By: LABOR vs. CAPITAL....Here's another interesting graph (from Brad DeLong) comparing the total share of national income going to corporate profits vs. the share going to labor compensation. The share going to labor plummeted abruptly in 2001 and is now at its lowest point in 40 years. This behavior is quite a bit different than that in the previous recession of 1990-91, which showed a much more gradual decline. Is the difference due to Bush's capital-friendly tax cuts in mid-2001 and 2003? I don't know, but whatever the reason it's probably why the economy seems worse than the headline growth and unemployment numbers indicate. The economy is growing, but the vast majority of workers aren't seeing any benefit. As the other chart in Brad's post shows, employment levels are still very low, and as this chart shows, the people who are employed are either treading water or losing ground. That's not a combination that makes for a happy electorate.
Comments
November 2009
October 2009 September 2009 August 2009 July 2009 June 2009 May 2009 April 2009 March 2009 February 2009 January 2009 December 2008 November 2008 October 2008 September 2008 August 2008 July 2008 June 2008 May 2008 April 2008 March 2008 February 2008 January 2008 December 2007 November 2007 October 2007 September 2007 August 2007 July 2007 June 2007 May 2007 April 2007 March 2007 February 2007 January 2007 December 2006 November 2006 October 2006 September 2006 August 2006 July 2006 June 2006 May 2006 April 2006 March 2006 February 2006 January 2006 December 2005 November 2005 October 2005 September 2005 August 2005 July 2005 June 2005 May 2005 April 2005 March 2005 February 2005 January 2005 December 2004 November 2004 October 2004 September 2004 August 2004 July 2004 June 2004 May 2004 April 2004 March 2004 February 2004 January 2004 December 2003 November 2003 October 2003 September 2003 August 2003 July 2003 June 2003 May 2003 April 2003 March 2003 February 2003 January 2003 December 2002 |
|
|
    |
|
||||||
|
|
|||||||
|
||||||||
|
||||||||
