Wages & Prices
'Today' Pushes Class Warfare After Dow Breaks
April 26th, 2007 10:27 AM
Producer of an MSM morning news show? Got a few minutes to fill at the end of your first half-hour? Why not resort to a tried-and-true winner: a bit of good old class warfare?That was the "Today" formula this morning. Matt Lauer introduced the segment, enviously entitled "Share the Wealth?: The Rich Get Richer," fanning the flames of envy and resentment with this opener:TODAY CO-HOST MATT…
More 'Stagnant Wages' Myth-Busting, Courtesy of the Bureau of Labor St
April 18th, 2007 11:45 AM
From the Bureau of Labor Statistics' Real Earnings News Release yesterday:
Average weekly earnings rose by 4.4 percent, seasonally adjusted, from March 2006 to March 2007. After deflation by the CPI-W, average weekly earnings increased by 1.6 percent.
And here's one for Paul "the rich are getting it all" Krugman of the New York Times -- Note who is being surveyed when these numbers are…
CNN's Blitzer, Cafferty Regret Minimum Wage Hike Not Retroactive
March 20th, 2007 12:10 AM
On Monday's The Situation Room, CNN's Wolf Blitzer and Jack Cafferty expressed frustration that the Democratic Congress has not yet passed a minimum wage increase, even lamenting that the increase could not be made retroactive. After Blitzer seemed to seriously ask if the minimum wage increase could be made retroactive to November, Cafferty rhetorically exclaimed that it should be "retroactive to…