So if the people have the power, why are they staying poor?
March 1st, 2006 by phavholmfrom an AP article, August 17, 2004:
. . . .
More than a million jobs have been added back to the 2.6 million lost since Bush took office, but many pay less and offer fewer benefits, such as health insurance. The new jobs are concentrated in health care, food services and temporary employment firms, all lower-paying sectors. Temp agencies alone account for about a fifth of all new jobs.
Three in five pay below the national median hourly wage of $13.53, said Sung Won Sohn, chief economist for Wells Fargo.
On a weekly basis, the average wage of $525.84 is at the lowest level since October 2001.
The income gap is showing up in booming sales of luxury items. Porsche Cars North America says sales are up 17 percent for the year. Strong sales at Neiman Marcus, Nordstrom and Saks Fifth Avenue overshadow lackluster sales at stores such as Wal-Mart, Sears and Payless Shoes.
Real-estate agent Lance Anderson, 38, of Overland Park, Kan., expects a record sales year, as homeowners upgrade to more expensive homes and commercial clients expand. He recently took his family to Florida for a two-week vacation.
“My clientele, it seems as a whole, has seen positive growth,” he said. So his family, including three children, now eat out more often and spend more on clothes. The Andersons recently bought two new cars and expect to buy a larger house in the next few years.
Economists say wages should rise as companies boost hiring. But the growing gap between the haves and have-nots will remain.
Technology has eliminated many U.S. jobs, as has global competition, particularly from low-wage countries such as China. Highly skilled, educated workers in America will thrive as demand rises, Sohn said, while low-skilled jobs remain vulnerable to outsourcing.
“This really has nothing to do with Bush or Kerry, but more to do with the longer-term shift in the structure of the economy,” Sohn said. (Italics added.)
Here’s the graph, as of 2002. Note that, unlike the graphs you’ll find on some web sites, this one adjusts for inflation:


