Household Incomes Declined In 46 States From 1999-2005

[JABBS]

JABBS recently noted that Labor Secretary Elaine Chao has been spinning lackluster job- and wage-growth numbers.

Chao boasted to CNN's John Roberts on Sunday that "Overall compensation has been up well over 6% since 2001. So overall, compensation overall is strong." But anyone with half a brain should realize that, by Chao's math, compensation is growing at a pace of 1.2% per year. With inflation at about 3% per year, that's not "growth." That's "not keeping up with inflation."

To further illustrate the point, check out this chart, which shows that when factoring in inflation, household incomes have declined in 46 states, plus DC, since 1999.

Democrats should use this information in their fall campaigns. It is as relevant as the Iraq War to voters.

[demnan]

1. My income declined by 20%

Which is not unusual in the IT field.

[valerief]

2. Wonder what the rate is when you take out multi-millionaire CEOs increases

[JABBS]

3. one can only imagine

It takes major chutzpah, though, to beam about 6% growth over five years. Worse, the CNN anchor didn't notice.