[FairfieldLife] You know how to add, don't you?

Sun, 07 May 2006 10:14:03 -0700

Very funny piece from the Los Angeles Times:

You know how to add, don't you?

A dark night, a mysterious dame and a gumshoe looking for clues in
the case of the vanishing wages

By Jared Bernstein
JARED BERNSTEIN is a senior economist at the Economic Policy
Institute and author of the new book, "All Together Now: Common Sense
for a Fair Economy."

May 7, 2006

I Was working late in my D.C. office. I'd been running some new
simulations on my macro-model, but nothing was converging, so I
figured I'd close up my spreadsheet and find a corner in some dark
speak-easy to lick my wounds.

That's when she walked in. She had a neckline as low as the Nasdaq
in '01, curves like sine waves and a dress tighter than the global
oil supply. She had my attention even before she pulled out two
reports I'd seen that very morning.

"I'm sorry to barge in on you like this," she said in a voice that
gave my calculator a power surge. "I didn't know where else to turn."

"You came to the right place, doll," I said. "I see you've got the
first-quarter GDP report, along with the new compensation results."
I'd been puzzling over these numbers all day, but what, I wondered,
could this tall glass of ice water want with them?

"That's right," she purred. "I need to know why GDP is up 4.8%, the
strongest quarter since 2003, yet real wages are falling." Yeah, I
thought, you and everybody else who works for a living.

"Why the interest?" I shot back. She didn't look like a Democrat.

"I wish I could tell you. But I work for some powerful people" — now
I knew she wasn't a Democrat — "and they'd be very upset if they even
knew I was here."

Read the rest:
http://tinyurl.com/rp6pn








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