1929 Redux, Again

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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"

Great.

1 Comments

Mom said:

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.

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This page contains a single entry by Sam T published on January 8, 2007 9:55 PM.

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