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January 8, 2007

1929 Redux, Again

From Harpers;

"Percentage of U.S. GDP represented by salaries and wages today: 45 [U.S. Department of Commerce]

Number of years since record-keeping began in 1929 that this percentage has been so low: 0"


1 Comment

Great, in a way. It means I'm not getting senile when I think, "my salary doesn't cover as much as it used to." And I know people in Minnesota who spend over 1/2 their incomes for rent; its not just for NY anymore.