Friday, December 23, 2005

Economy Watch: What's Beneath the Surface

During a time of Christmas layoffs and end-of-year attempts to cut real pay, pension contributuions and health care coverage, Lawrence Mishel and Economic Policy Institute Director Ross Eisenbrey outline what lies beneath:

--Profits are up, but the wages and the incomes of average Americans are down;

--More and more people are deeper and deeper in debt;

--Job creation has not kept up with population growth, and the employment rate has fallen sharply;

--Poverty is on the rise; and

--Rising health care costs are eroding families' already declining income.

Read about it here.