As I indicated in my last post, there seems to be a whole bunch of stuff going on. I’m just too busy to actually relay or think about much of it… Instead, I’ll give you some graphs to admire.
Why these graphs? Well, I think most of them convey facts and tidbits worth knowing… and because I was struck by how similar they look.
Lacking a thread to tie them together, I’ll go In chronological order:
First, Matt references a graph from Kevin Drum, and then goes on to make a point that I made to Dave last week: “Wages for average people are, on some level, the real fundamentals of the economy. And simply put, they haven’t been growing.” This is something I’ve written about before. Anyway, here’s a picture:
Does it strike anyone as odd that both graphs have the same general shape, and cover the same general timeframe? No, I didn’t figure it would…
Then, from the Wonk Room at ThinkProgress, comes this comparative graph:
So, the light blue line is analogous to the time frame in the first two graphs. Not only did the median wage decrease in that time (which is, oddly enough, coincident with Bush Administration), but there was also a lower percentage of the working age population with jobs. Take a glance at the first graph again. GDP growth is through the roof, but not only was the median worker not seeing any of it, there were fewer workers as a percentage of population.
Now, someone tell me why Sen. McCain (and his apparently blindly loyal followers) think “spreading the weath” is a bad thing? We’ve seen 8 years of not spreading the wealth, and if these graphs are to be believed, just about all of us are getting screwed.