Path to Prosperity - SEIU

Endnotes
1 Weisman, Steven R. “Treasury Chief Sees Inequities in U.S. Economy.”
New York Times August 1, 2006. Available at: http://www.nytimes.
com/2006/08/01/washington/01cnd-treasury.html?pagewanted=print
2 Bartels, Larry M. Unequal Democracy: The Political Economy of the New
Gilded Age, Princeton, NJ: Princeton University Press, 2008; Lazonick,
William, Business Organization and the Myth of Market Economy,
Cambridge, MA: Cambridge University Press, 1991; Skocpol, Theda. The
Missing Middle: Working Families and the Future of American Social
Policy, New York: W. W. Norton, 2000
3 Bureau of Labor Statistics, “The Employment Situation: November
2008,” Press Release. December 5, 2008. Available at: http://www.bls.gov/
news.release/empsit.nr0.htm
4 Weller, Christian. “Economic Snapshot for November 2008.” Center
for American Progress. November 18, 2008. Available at: http://www.
americanprogress.org/issues/2008/11/pdf/nov08_econ_snapshot.pdf
5 Ibid.
6 Ibid.
7 Ibid.
8 Franco, Lynn. “The Conference Board Consumer Confidence Index(tm)
Improves Moderately, But Present Situation Weakens.” Conference Board
Press Release. December 30, 3008. Available at: http://www.conferenceboard.org/economics/ConsumerConfidence.cfm
9 Bureau of Economic Analysis, National Income and Product Accounts
Table. Table 1.1.1. “Percent Change From Preceding Period in Real Gross
Domestic Product,” downloaded November 25, 2008.
10 Bureau of Labor Statistics. Net Multifactor Productivity and Cost, 1948
- 2007. Available at: http://www.bls.gov/mfp/mprdload.htm.
11 Calculated from Bureau of Economic Analysis, National Income and
Product Accounts, Table 1.14. Available at: http://www.bea.gov/national/
nipaweb/SelectTable.asp?Selected=Y
12 Mishel, Lawrence, Jared Bernstein, and Sylvia Allegretto. The State of
Working America 2006/2007. Ithaca: Cornell University Press, 2007.
13 Saez, Emmanuel and Thomas Piketty. “Income Inequality in the United
States, 1913-1998” Quarterly Journal of Economics, 118(1), 2003, 1-39,
tables and figures updated to 2006, revised July 2008.
14 U.S. Census Bureau. Historical Census of Housing Tables. Available at:
http://www.census.gov/hhes/www/housing/census/historic/owner.html
15 Bureau of Economic Analysis, National Income and Product Accounts
Table, “Table 1.1.1. Percent Change From Preceding Period in Real Gross
Domestic Product,” downloaded November 25, 2008.
16 Bureau of Labor Statistics, Office of Productivity and Technology. “Net
Multifactor Productivity and Cost, 1949 - 2007.” May 6, 2008. Available at:
http://www.bls.gov/mfp/#data.
17 Mishel, Lawrence Mishel, Jared Bernstein, and Sylvia Allegretto. The
State of Working America 2006/2007. Ithaca: Cornell University Press,
2007, p 47.
18 Ibid, p. 117, 119.
19 U.S. Census Bureau, Current Population Survey, Annual Social and
Economic Supplements, BLS, Table F-1. Income Limits for Each Fifth and
Top 5 Percent of Families (All Races): 1947 to 2006. Available at: http://
www.census.gov/hhes/www/income/histinc/f01ar.html.
20 Ibid.
21 Ibid.
22 Madland, David and Jacob Pawlak. “A Tale of Two Conservatives:
Comparing Bush and Hoover on the Economy.” June 5, 2008. Available at:
http://www.americanprogress.org/issues/2008/06/pdf/two_conservatives.pdf.
23 Ibid.
24 Hirsch, Barry and David Macpherson. “Union Membership and
Coverage Database from the Current Population Survey: Note.” Industrial
and Labor Relations Review, Vol. 56, No. 2, January 2003, pp. 349-54
Annual update available at: www.unionstats.com,
25 Data from Mishel, Lawrence, Jared Bernstein, and Sylvia Allegretto,
The State of Working America 2008/2009, forthcoming from Ithaca:
Cornell University Press, 2009. Hourly compensation of nonmanagerial
workers as measured in Figure 3B, and nonfarm business sector
productivity as in Table 3.2
26 Ibid.
27 Mishel et al, 2009 Table 3.1
28 Ibid., Table 3.1.
29 See AP inter-active compensation survey at http://hosted.ap.org/
dynamic/files/specials/interactives/_business/executive_compensation/
index.html?SITE=YAHOO&SECTION=HOME. The compensation figures
include salary, bonuses, perks, above-market interest on deferred
compensation and the value of stock and option awards. Stock and
options awards were measured at their fair value on the day of the grant.
30 “The Labor Agenda” Editorial. New York Times December 29, 2008:
A24. Available at: http://www.nytimes.com/2008/12/29/opinion/29mon1.
html?ref=opinion
31 Weller, Christian and Amanda Logan. “IgnorIng ProductIvIty at our
Peril: Slowing Productivity Growth and Low Business Investment Threaten
Our Economy” Center for American Progress August 2007: 16. Available
at: www.americanprogress.org/issues/2007/08/pdf/productivity.pdf
32 Greenspan, Alan and James Kennedy. “Sources and Uses of Equity
Extracted from Homes.” Finance and Economics Discussion Series
Divisions of Research & Statistics and Monetary Affairs, Federal Reserve
Board, Washington, D.C. March 2007. Available at: http://www.
federalreserve.gov/pubs/feds/2007/200720/200720pap.pdf.
33 Ricksen, John. “Downturn Drags More Consumers Into Bankruptcy.”
New York Times November 16, 2008. Available at: http://www.nytimes.
com/2008/11/16/business/16consumer.html.
34 Levy, Dan. “Foreclosures Rose 53% in June, Bank Seizures Tripled.”
Bloomberg News July 10, 2008. Available at: http://www.bloomberg.com/
apps/news?pid=20601068&sid=aoF2SSDy4Ja4&refer=home.
35 Grace, Kerry. “Case-Shiller Index Shows Sharpest Home-Price Declines
in Sun Belt.” Wall Street Journal. December 30, 2008; Healy, Jack. “Home
Prices Fell at Sharper Pace in October.” New York Times December 30,
2008; Whitney, Meredith, Kaimon Chung, and Joseph Mack. “Total
Mortgage Debt Outstanding Declines in 3Q08.” Oppenheimer Equity
Path to Prosperity 29