What People Earn: How Did You Do?

Parade ^ | March 12, 2006 | Lynn Brenner

[stainlessbanner]

bump

[MNJohnnie]

d: In 2005, more than 80% of American workers saw their inflation-adjusted wages fall for the second year in a row

Factually incorrect data. They set the inflation rate high to get the "Fact" they wants. More Junk data manipulation to create a preconceived "Result" by the Economic Ignorant Caucus.

[satchmodog9]

Lawyers: $1,609
Economists: $1,569
Chiropractors: $1,531


Closely bundled because they are all crooks and frauds. Except Walter Williams

[Rick_Michael]

Baby boomers will change quite a bit of things in the near future.

[stylin_geek]

bookmarked

[speedy]

The stats in this article don't sound right to me. Median lawyer income is in the mid-70s annually? Half are making less than that? They must be well hidden.

[baltoga]

Wage growth is always dependent on the skills you bring to market. If you're just a boiled frog then you only have yourself to blame.

[operation clinton cleanup]

I make slightly less gross than 2001, but I was in a dot-bomb company. I now work mostly from home and set my own hours... that along with the tax cuts, its a wash. (but then again, I can afford more consumer goods than I could back then as well).

[Hunble]

Software Engineer:

$70,000 per year.

I was forced to take a pay cut after 9-11 to keep the company alive, but it was restored two years later.

No change since 2004.

[calljack]

I have been seeing a chiropractor for almost 20 years.
As much as you want them to be a fraud, mine is not.
I go in crippled and come out much better.

[Alberta's Child]

“Corporate profits’ share of the national income is at a 60-year high—and that has come directly out of wages and salaries, which are at a record low.”

This is a misleading statement -- and probably deliberately so. Corporate profits as a share of the national income are at historical highs simply because recent changes in the U.S. tax code -- namely, the elimination of the double-taxation of dividends and the reduction of tax rates on corporate dividends to put them in line with capital gains tax rates -- have provided companies with a financial incentive to pay out their profits in the form of dividends (an incentive that didn't exist for most of the last 60 years).

[proxy_user]

There are over 1,000,000 lawyers in this country. Many of them are in low-wage parts of the country, and are stuggling to get by like everyone else.

[hoagy62]

I actually lost money when I changed jobs laterally within the company due to health reasons last year. I went from an income of around $26,000 down to $21,500.

[proxy_user]

"They set the inflation rate high to get the "Fact" they wants.

What the inflation rate really is, depends on what you buy. If you consume mostly slabs of aluminum and bushels of wheat, you're in luck. On the other hand, those in the market for medical care or homeowners insurance may not be so fortunate.

[TexasTransplant]

>>>>"There are over 1,000,000 lawyers in this country. Many of them are in low-wage parts of the country, and are stuggling to get by like everyone else"<<<<

What an absolute waste of Food and College Tuition

TT

[mylife]

I find myself in similar conditions.
I didnt have to take pay cuts tho.

My wages continue to rise, but when fuel cost double and health care premiums rise its a wash.

[ncountylee]

Retired so fixed income falls each year. Lucky that I am able to do as much consulting as I want.

[operation clinton cleanup]

I wonder if the multi-billion recent tobacco, etc lawsuits have skewed things at the upper end and multimillion illegal influx of low end labor have skewed the statistics in some way?

[DLfromthedesert]

Chiropractors are crooks or frauds because they don't push expensive and dangerous drugs?!?