Thursday, August 4, 2011


Amazing statistic by CEO of this morning on CNBC

45% of people have taken a pay CUT in their new jobs vs 23% who have received a pay INCREASE. 

That's mind blowing, and I only wish we could see that trend over time.  It continues to point to the slow erosion of the middle class via structural factors we've outlined countless times the past 4 years.

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