Friday, January 23, 2004

Lead story in today's Wall Street Journal:

Wage inequality -- the gap between America's highest and lowest earners -- has started widening again....

New data from the Labor Department show that after adjustment for inflation, salaries of the country's lowest-paid workers -- those who fall just inside the bottom 10% of the pay range -- fell 0.3% last year from 2002. Meanwhile, the salaries of the highest paid workers -- those who are just inside the top 10% -- were unchanged. The divergence appeared to grow in the fourth quarter as higher-paid workers gained ground and lower-paid workers slipped further....


(Emphasis mine.)

Gee, the fourth quarter of '03 -- that's the quarter the Bushies are always boasting about, isn't it?

The numbers continue a movement to greater wage inequality that began around the time President Bush succeeded President Clinton....

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