February 09, 2004

Had a touch of the flu this weekend, friends. Hope I'll be back full steam in a coupla daze.

Meanwhile . . . my friend Jim sent me a heads up for the Economic Policy Institute, so I pass it along. Here is a quote from the February 4 "Economic Snapshot":

In the 25 months since the recession ended, total wage and salary income is up only 0.4%. It should be emphasized that this is growth after the recession ended and does not include income losses incurred while the economy was contracting. This is the slowest wage and salary growth of any recession since 1959, the first year in which monthly data on total wage and salary income is consistently available.
Now that I think about it, I'm not better off than I was 40 years ago. Hmmmmmmmmmm . . .

Be at peace.