About that economy | Arkansas Blog

Monday, July 24, 2006

About that economy

Posted By on Mon, Jul 24, 2006 at 5:32 AM

We miss Bill. LA Times:

Wage stagnation, long the bane of blue-collar workers, is now hitting people with bachelor's degrees for the first time in 30 years. Earnings for workers with four-year degrees fell 5.2% from 2000 to 2004 when adjusted for inflation, according to White House economists.

It is a remarkable setback for workers who thought they were well-positioned to win some of the benefits of the nation's economic growth, and it may help explain why surveys show that many Americans think President Bush has not managed the economy well.

Not since the 1970s have workers with bachelor's degrees seen a prolonged slump in earnings during a time of economic growth. These workers did well during the last period of economic growth, 1995 to 2000, with inflation-adjusted average wages rising 12%, according to an analysis by the liberal-leaning Economic Policy Institute.


Favorite

Comments (25)

Showing 1-25 of 25

Add a comment

 
Subscribe to this thread:
Showing 1-25 of 25

Add a comment

More by Max Brantley

  • Trump administration pushes for dirtier air, Sierra Club protests

    Andrew Wheeler, acting administrator of the Environmental Protection Agency under Donald Trump, is forging ahead with a plan to roll back Obama-era efforts to reduce air pollution by electric power plants. It's a boon to the coal industry, for which Wheeler once lobbied. The Arkansas chapter of the Sierra Club says it's bad news.
    • Aug 21, 2018
  • Dogpatch deal appears to be unraveling

    The Harrison Daily Times reports that an eviction suit has been filed against a company that had leased property above the old Dogpatch USA theme park. It alleges Heritage USA Ozarks Resort and the company owner David Hare haven't paid the rent.
    • Aug 21, 2018
  • Leslie Rutledge mounts the Trump defense

    Attorney General Leslie Rutledge is adopting the Donald Trump strategy on news of her lackluster history as a DHS lawyer: unleash a Tweetstorm and call it "fake news" This is another way to say "facts unflattering to the candidate." She protests too much.
    • Aug 21, 2018
  • More »

Readers also liked…

Most Viewed

  • UPDATE: Circuit judge rules that DHS must release Leslie Rutledge's personnel records

    Word just in that Circuit Judge Tim Fox has ordered from the bench that the state's Department of Human Services must release the personnel files on Leslie Rutledge that have previously been hidden from public view.
  • Leslie Rutledge mounts the Trump defense

    Attorney General Leslie Rutledge is adopting the Donald Trump strategy on news of her lackluster history as a DHS lawyer: unleash a Tweetstorm and call it "fake news" This is another way to say "facts unflattering to the candidate." She protests too much.
  • Dogpatch deal appears to be unraveling

    The Harrison Daily Times reports that an eviction suit has been filed against a company that had leased property above the old Dogpatch USA theme park. It alleges Heritage USA Ozarks Resort and the company owner David Hare haven't paid the rent.
  • UA professor wins $3.4 million grant

    A University of Arkansas professor and his team will develop a device to link solar power arrays to the national power grid thanks to a $3.4 million award from the U.S. Department of Energy.
  • Griffen ethics case will proceed to trial

    The Judicial Discipline and Disability Commission Monday denied Judge Wendell Griffen's request to dismiss ethics charges against him. It also granted him only limited access to documents he'd sought related to the investigation.

Most Recent Comments

Slideshows

 

© 2018 Arkansas Times | 201 East Markham, Suite 200, Little Rock, AR 72201
Powered by Foundation