This is the economy that McCain thinks is "fundamentally strong." Sure, when you own 12 houses, I guess life is pretty good. The bright spot of this report is that if you have work, the workplace is a safer environment, which is great but hardly comparable to having employment is rising income.
The Rutgers labor scorecard offered other sobering findings:
* About 530,000 were subject to mass layoffs in the last year, growth of nearly 5 percent, but a lower rate than five and 10 years ago.
* The median weekly earnings for American workers have not grown in real terms over the last eight years.
* At $6.55, the federal minimum wage is worth 40 cents less per hour, in inflation-adjusted dollars, than it was a decade ago.
* While employer-assisted childcare and employee wellness programs have grown quickly over the last decade, they still cover less than one quarter of American workers.
* Roughly 4 percent of the workforce wants to work full-time, but is working part-time because they can’t find full-time work.
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