HispanicVista: “Hollow Prosperity” In Mexico

“Let me say at the beginning that I am not a fan of Pat Buchanan. There is precious little that he writes that I can agree with. On the other hand, his column titled Our Hollow Prosperity, date line 15 Feb 06, is worth reading.*

His topic is how the free trade policies of the US have affected the general prosperity of the US. With extensive research in US government reports, he details that while the total GDP (Gross Domestic Product) of the US increases, it is in the distribution of that prosperity that things go askew. While the top end of the distribution structure shows great increase, the middle and lower classes show that wages actually fell by 0.5% over the last year, after falling 0.7% over the prior year after adjustment for inflation.”

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