Workers see inflation-adjusted earnings fall 1.2% for year

Forget relying on Wall Street executives heading up Treasury and the Fed to "fix" the economy.Real wages are falling for middle and lower income workers. We need to "fix" the Federal Reserve and the Treasury Department: the economic managers of this war on the working class.

According to CJR

Workers are already getting slammed, according to the Associated Press. It reports that inflation-adjusted earnings have fallen 1.2 percent in the last year, including a scary half-percent plunge in January from the month before. A good part of that pinch is coming from energy prices, and oil hit another non-inflation-adjusted record yesterday of $101.32 a barrel before settling at $100.74.

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