Tuesday, May 25, 2010

Everyone is on the Dole Now

An amazing look private paychecks compared to government benefits Everyone is on the dole now.

Paychecks from private business shrank to their smallest share of personal income in U.S. history during the first quarter of this year, a USA TODAY analysis of government data finds.

At the same time, government-provided benefits — from Social Security, unemployment insurance, food stamps and other programs — rose to a record high during the first three months of 2010….

A record-low 41.9% of the nation’s personal income came from private wages and salaries in the first quarter, down from 44.6% when the recession began in December 2007

Link


Anyone see a problem with a growing public sector and a shrinking private sector?

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