R
rdean
Guest
The Jobless and Wageless Recovery
from the Great Recession of 2007-
2009: The Magnitude and Sources of
Economic Growth Through 2011 I and
Their Impacts on Workers, Profits, and
Stock Values
To date, through the first quarter of 2011, the nations recovery from the 2007-2009
recession is both a jobless and a wageless recovery. Aggregate employment still has not
increased above the trough quarter of 2009, and real hourly and weekly wages have been flat to
modestly negative. The only major beneficiaries of the recovery have been corporate profits and
the stock market and its shareholders. Most holders of savings and money market accounts also
are net losers due to declining real interest rates which have been in negative territory for many
interest bearing and money market accounts.
http://www.clms.neu.edu/publication/documents/Revised_Corporate_Report_May_27th.pdf
------------------------------------------------
A very good outline of the Last Great Recession. Hmmm, what policies are to blame?
from the Great Recession of 2007-
2009: The Magnitude and Sources of
Economic Growth Through 2011 I and
Their Impacts on Workers, Profits, and
Stock Values
To date, through the first quarter of 2011, the nations recovery from the 2007-2009
recession is both a jobless and a wageless recovery. Aggregate employment still has not
increased above the trough quarter of 2009, and real hourly and weekly wages have been flat to
modestly negative. The only major beneficiaries of the recovery have been corporate profits and
the stock market and its shareholders. Most holders of savings and money market accounts also
are net losers due to declining real interest rates which have been in negative territory for many
interest bearing and money market accounts.
http://www.clms.neu.edu/publication/documents/Revised_Corporate_Report_May_27th.pdf
------------------------------------------------
A very good outline of the Last Great Recession. Hmmm, what policies are to blame?