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Economic Policy Institute

FOR IMMEDIATE RELEASE
APRIL 28, 2006
1:06 PM

CONTACT: Economic Policy Institute
(202) 775-8810 or news@epi.org

 
Strong GDP Masks Failing Wage Gains
 

WASHINGTON - April 28 - The economy is doing fine, as indicated by today’s GDP annual growth rate of 4.8 percent, but not for the people in it.  Another report released this morning shows worker compensation rose only 2.4 percent, the slowest growth rate in seven years and well below inflation.  Today’s GDP Picture, by the Economic Policy Institute’s Josh Bivens and Jared Bernstein, analyzes the forces behind this Jekyll and Hyde economy.

For how to describe EPI, click here.

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