A study in contrasts
The headline reads, "Pay Raises Struggle to Outpace Inflation". But if you read the article, you find that, in fact, pay raises may be losing that struggle. According to AP Business Writer Madlen Read, "U.S. employers are planning to increase base salaries by 3.7 percent this year", but "the Labor Department's overall Consumer Price Index...is on pace for a 4.7 percent rise for 2006."
In real terms, that means that workers are making less money than they were before.
Meanwhile, back in April, a study was published reporting that, according to the CNN headline, "Bush tax cuts making rich richer" and "the wealthiest Americans are reaping huge gains from reduced taxes on investment income".
Funny how that works.
In real terms, that means that workers are making less money than they were before.
Meanwhile, back in April, a study was published reporting that, according to the CNN headline, "Bush tax cuts making rich richer" and "the wealthiest Americans are reaping huge gains from reduced taxes on investment income".
Funny how that works.
Depending on your politics, liberals will call the point of your post ironic, I'd call it an antagonistic contradiction.
Posted by
Frank Partisan |
12:15 AM
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