[Congressional Record Volume 151, Number 157 (Thursday, December 8, 2005)]
[House]
[Page H11225]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
AMERICA'S WEAK ECONOMY
(Mrs. MALONEY asked and was given permission to address the House for
1 minute.)
Mrs. MALONEY. Mr. Speaker, 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.
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