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    Minorities Lose Out On Recovery
    Sunday. 9.3.06 11:36 pm
    By Renee D. Turner, BET.com Staff Writer


    Posted Sept. 2, 2006 - If you work for a living, there's not much to celebrate this Labor Day. While jobs are being created and the economy is churning along, the average worker is not sharing equally in the boom, according to a new report.

    In fact, the average worker is struggling to hold his head above water while the corporate heavy-hitters are reaping record profits, according to The State of Working America, an annual assessment of where workers stand published by the Economic Policy Institute.

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    "The five-year-old economic expansion that began in late 2001 has posted some impressive
    results, most notably faster productivity growth," the report released Saturday says, adding that productivity grew at a rapid 16.6 percent from 2000 to 2005.

    "Productivity growth has been seen as the tide that lifts all economic boats," explains EPI
    President Lawrence Mishel, and co author of The State of Working America. "But today we're seeing more and more Americans rowing harder and harder but not moving forward, while the big boats zoom farther ahead."

    The report uses as a backdrop numbers it published earlier this week on how workers have fared during the economic recovery over the past five years. It's findings show:

    There has been basically no wage improvement for typical workers since 2001, even though half the productivity growth from 1995 to 2005 occurred since then.
    The median income of working-age households-those headed by someone less than 65-fell 0.5 percent last year, as has been the case consistently since 2000.
    Between 2000 and 2005, the real median income of working-age households (with bread-earners under age 65) is down 5.4 percent, twice that of the overall household median, which is down 2.7 percent over the past five years.
    Profitability was the highest in 2005 than in 36 years.
    Over the 1992 to 2005 period the median CEO saw pay rise by 186.2 percent, while the median worker saw wages rise by just 7.2 percent.
    On the surface, Friday's employment numbers show promise: The economy churned out an expected 128,000 jobs in July. Unemployment ticked down 1.1 percent to 4.11 percent. But wages increased an anemic 0.9 percent wage.

    The White House touts these figures as evidence that "the economy remains strong, and the outlook is favorable," adding that the economy has created more than 1.7 million jobs over the past 12 months - and more than 5.7 million jobs since August 2003.

    In its press release Friday, the White House pointed out that worker productivity has grown 2.4 percent over the last four quarters, which is better than the average productivity growth of the last three decades, and total wage and salary income grew at an annual 3.3 percent in the second quarter of 2006.

    But, some economists say that's the issue: : for the first time during a recovery productivity has not pushed up wages for the average worker and has not led to greater employment for minorities, single women and others at the bottom of the economic scale.

    "One of the main problems with the economy today is we have one side where people are looking at the economy from 40,000 feet and saying 'hey, things look great. The economy expanded... Yet, people on the ground have had growing dissatisfaction," says Sylvia Allegretto, EPI economist and co-author of report. "Part of that disconnect is that on [the] ground we know that wages have been stagnating. The basic growth has been flowing to the top and leaving the typical worker behind."

    For African American workers, the numbers stack up even more starkly:

    Blacks were the only race/ethnic group to see a growth in poverty-level wage earners over the 2000-05 period, despite the progress from 1996 to 2002.
    The median White household's wealth was $118,300, but the median Black family had only one-tenth as much, or $11,800.
    For every dollar Whites earn, minorities receive only 56 cents.
    In 2005, the unemployment rate for African Americans was 10 percent, more than twice that of Whites (4.4 percent). For the first quarter of 2006 (seasonally adjusted) it was 9.2 percent, still almost twice that of the rate for Whites (4.7 percent).
    From 2001-06 (first quarter for each year), unemployment increased for African Americans by 1.1 percentage points - the highest for any racial group.

    "During the recession, people dropped out of the labor force. They did in droves," Allegretto says. "All this points to we do not truly have tight labor markets as we did in late 1990s, which helped minorities and single moms. Now that things aren't that tight those groups are not bouncing back."

    What would it take to turn things around for workers? EPI economists recommend:

    Raise the minimum wage, which, as of Labor Day has not been increased in nine years.
    Level the playing field for union organizing.
    Universalize access to health care coverage.
    Achieve truly full employment like in the 1990s when employers had to bid up wages to get and keep the workers they need.


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