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The economy is growing faster than expected the government says.But do people believe times are good? the early 90 saw a recession and a health insurance
crisis. In 92 only 11 % of Americans thought the economy was in excellent or good shape.
94 was a little better but not great, 30%.The late 90s were good times. the dot.com boomed, the stock market bubbled. In 1998, 66% of Americans thought the economy was in good shape.In 2000,71%. How do people think thing are going now? The answer is : not so hot. 36% say the economy is going well. Gas prices are slowed down in the housing market.Economists talk about the wealth effect of home values. Because house... housing prices are flat or coming down,so the wealth effect is going to hurt the purchase of the consumption of goods and services throughout the economy. Not all the news coming from the government is good. Well, median household income 2005 growth by 1.1%. Real median earnings of men and women working full time all year declined between 2004 and 2005. How can incomes go up ,if wages have been going down? Because the gains of income have been happening at the very top. Executives are taking more and more of a share out of a company's earnings. That's leaving fewer dollars for the average American. What about the more than 5.7 million new jobs that have been created in the past three years according to the White House.They're service sector jobs,and those jobs are not the high paying jobs that many Americans enjoyed in the 40s, 50s 60s and 70s,those are going going gone.


[ 此贴被fan在2006-09-14 13:31重新编辑 ]