Sean Patrick Maloney: “data released this Monday on productivity and wages show why the American people do not believe President Bush when he…”

“data released this Monday on productivity and wages show why the American people do not believe President Bush when he says our economic prospects are as bright as they have been for a long time. Yes, productivity is strong, and the economy is growing. But the benefits of that growth are showing up in the bottom lines of companies, not in the paychecks of the American worker. While productivity grew at a 4.7 percent annual rate in the third quarter, workers' pay, including their benefits, shrank at a 1.4 percent rate. Americans are working harder and harder and producing more and more, but they are getting paid less. This is not a bright economy. ____________________”