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Catchword for “alligator economics”
Catchword: alligator economics
Filed under:
Part of speech: n.
Quotation: One reason why the wage-earning middle class increasingly can’t afford California is that wages, adjusted for inflation, have been stagnant for two decades. In the same time, the percentage of income needed to pay for rent, healthcare and child care has spiraled. Economists call this “alligator economics,” because wages are a horizontal or falling line, while costs rise like an alligator’s upper jaw.
Article or document title:
“Though Far From Poor, a Family Struggles Daily” (URL)
Author:
Geoffrey Mohan
Article, document, publication, web site:
Los Angeles Times
Date of publication:
May 18, 2004
This catchword has yet to be researched.
Posted 19 May 04 | Permalink | Tell a Friend

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