American Workers Hit Hard Under Conservative Leadership

April 12, 2005

Despite a growing economy and soaring corporate profits and CEO salaries, America's workers experienced declining wages last year for the first time in fourteen years. Wage growth in 2004 and the first two months of 2005 trailed inflation, compounding the problems for a middle class already squeezed by higher housing, energy and health costs. At the same time, corporate America saw record profits as businesses squeezed more productivity out of workers without raising pay.