The Undollar Digest

Private pay shrinks to historic lows as gov’t payouts rise

By Dennis Cauchon, USA TODAY

Those records reflect a long-term trend accelerated by the recession and the federal stimulus program
to counteract the downturn. The result is a major shift in the source of personal income from private
wages to government programs.

The trend is not sustainable, says University of Michigan economist Donald Grimes. Reason: The
federal government depends on private wages to generate income taxes to pay [...]


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