Tax breaks at the top as a means for creating jobs and sustaining the well-being of workers and their families?
We need not speculate about how effective this has been — or will be.
From the Center for Economic and Policy Research, via Lane Kentworthy at Consider the Evidence:
Economic Indicator | 2000 | 2008 |
Unemployment rate | ![]() |
6.1% |
Inflation rate | ![]() |
5.4% |
Job Growth (preceding 8 years) | ||
Total nonfarm employment | ![]() |
4.3% |
Private sector employment | ![]() |
3.6% |
Manufacturing employment | ![]() |
-22.2% |
Employment rate (% of population) | ||
All, age 16 and older | ![]() |
62.6% |
Men, age 16 and older | ![]() |
69.1% |
Women, age 16 and older | ![]() |
56.5% |
Real wage growth (preceding 8 years) | ![]() |
1.8% |
Minimum wage (July 2008$) | ![]() |
$6.55 |
Family income | ||
Median, 2007$ | $61,083 | ![]() |
Growth (preceding 8 years) | ![]() |
0.4% |
Poverty | ||
Rate (% of population) | ![]() |
12.5% |
People in poverty (millions) | ![]() |
37.3 |
Uninsured (health insurance) | ||
Rate (% of population) | ![]() |
15.3% |
People without insurance (millions) | ![]() |
45.7 |
Personal savings (% of disposable income) | ![]() |
0.6% |
College tuition (average per year, 2007$) | ||
Private four-year college | ![]() |
$23,712 |
Public four-year college | ![]() |
$6,185 |
Gasoline (gallon, 2008$) | ![]() |
$4.09 |
GDP growth (preceding 8 years) | ![]() |
19.6% |
Productivity growth (preceding 8 years) | 15.9% | ![]() |
Trade balance (% of GDP) | ![]() |
-5.1% |
Federal debt (% of GDP) | ![]() |
65.5% |
Net foreign debt (% of GDP) | ![]() |
17.9% |
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