...to media coverage.
With George Bush President:
Productivity Slows to a Standstill
WASHINGTON (AP) - The productivity of American workers slowed to a standstill in the summer, while wages were rising at the fastest clip in more than two decades - a combination likely to raise inflation concerns at the Federal Reserve.
The Labor Department reported Thursday that productivity, the amount of output per hour of work, showed no change in the July-September quarter, while labor costs rose by 3.8 percent. For the past year, wages and other labor costs are up by 5.3 percent, the fastest increase since 1982.
While rising wages and benefits are good news for workers, they raise concerns about inflation especially at a time when productivity is slowing. If companies decide to pass on their higher payroll costs by boosting the price of their products, that could translate into increased inflation.
But if Clinton where still President it would have gone something like this:
Wages Rising Fastest in Over 20 Years
In another sign of the robust
BushClinton economy, the American workers' wages are rising at the fastest clip in more than two decades according to the Federal Reserve.
Even more impressive, employeers are doing so well they are paying workers more even as productivity remains unchanged from the July-September quarter.
"This is another sign my economic planning is working" said Bill Clinton at a stop in Podunk today, "I had a woman walk up to me the other day and say 'Mr. President, I just wanted you to know that not only do I have a job today but my boss offered me a pony.' and we cried together at how wonderful I am."
Yep, what a difference the President makes.