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Sunday, May 28, 2006

economics tidbits #2

"In 2005, there were 9 million American millionaires, a 62% increase since 2002." — Mother Jones Magazine May/June 2006

"Adjusted for inflation, the federal minimum wage has fallen 42% since its peak in 1968." — Mother Jones Magazine May/June 2006

"Two-parent families are spending 16% more time at work, or 500 hours a year, than they did in 1979." — The Nation May 2006

Due to the rise in metal prices (especially zinc), the cost of making a U.S. penny is now 1.4 cents and the cost of making a nickel is now 5.73 cents.

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