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February 11, 2004
Who cares if it hurts Bush? It hurts the PEOPLE 

Wages up for the well-off, but not for others
'Rich-poor gap' relates to long-term forces, but could hurt Bush as it reaches record level prior to election.
By David R. Francis | Staff writer of The Christian Science Monitor

Most US workers saw their earnings fall or stagnate last year, with those at the bottom of the income scale hit hardest.

The trend, coming alongside a slack job market, explains why many Americans feel left out of the economic recovery - and why President Bush faces a tough sell with his campaign-trail message that there is "good strong growth." Democratic rivals point to "two Americas," one for the rich, one for the poor.

Whether concerns over widening wage inequality will damage Mr. Bush remains to be seen. But the gap between workers in the 90th earning percentile and the 10th has never been wider. That opens the door for a populist message by a Democratic challenger to resonate, if job creation doesn't pick up.

Beyond the election, the stalling progress for the bottom half of American workers represents a challenge to the health of an economy traditionally driven by a growing consumer class.



Posted by P6 at February 11, 2004 08:14 AM
Trackback URL: http://www.niggerati.net/mt/mt-tb.cgi/347
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