bump
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.
Lawyers: $1,609
Economists: $1,569
Chiropractors: $1,531
Closely bundled because they are all crooks and frauds. Except Walter Williams
Baby boomers will change quite a bit of things in the near future.
$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.
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).
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.
Retired so fixed income falls each year. Lucky that I am able to do as much consulting as I want.
I've been saying this here for years.
private sector middle class wages are falling. take the wage figures, strip out government workers and public school teachers who get consistent wage increases due to union contracts, remove those in the private sector at the very top of the wage scale ($250K+) to remove the concentration of wealth effect - and the wage pattern for those that remain - private sector middle class workers - is doing poorly. this is why in poll after poll, even though the macro economic numbers are outwardly good, americans do not give good marks to the performance on the economy.
offshoring of jobs is the reason for this.
and here you see another thing supressing wages:
http://www.freerepublic.com/focus/f-news/1596525/posts
I work for myself and if I didnt make so much money Id get fired or Id quit
Well, I took a 35% pay cut to move to a job and location that I adore, busted my butt, got a monster merit raise after a year, paid off the credit cards and own my house. What I like best is when I hear a soft-handed Democratic politician who's never had an honest job in his life tell me that it's an economic disaster. It isn't, actually - his pension is safe enough.
There is a great deal of misinformation in this article beginning with this statement. The link below helps to explain why the author may believe the above to be true when it is not.
My industry, computer software, saw a 30% drop in paychecks overall. People are still paid well, but day by day we lose people because the corporate world is shifting and doesn't see value in software. Of course, we cause our own problems more than anything else.
Typical union propaganda piece reprinted as facts by the friendly co-conspirators at the newspapers. Rather than give actual figures, by which one can make meaningful comparisons, one figure is given as it actually is, while the rest are "adjusted for inflation," which could mean anything -- and probably does, to arrive at their preconceived conclusions that salaries and wages are the lowest in history, and so millions of Americans are going to bed starving every night, and so the median weight of Americans (adjusted for inflation) are below that of people starving in Africa.
Also, because wages are so low, nobody can afford to buy cars and so the roads are completely empty with no traffic congestion (adjusting for inflation) while newspaper subscriptions are soaring (adjusting for inflation).
"The median weekly salary in 2005 was $659 (half of all workers earned more, half earned less). After inflation, that’s 1.9% less than in 2004. Average hourly pay for all production and nonsupervisory workers was $16.11—a 0.7% decline when adjusted for inflation. Workers’ retirement and health-care benefits also are shrinking—and not only in troubled industries. Financially healthy companies are freezing their pension plans to exclude new hires and/or younger employees—a trend that’s expected to continue. In a frozen plan, workers stop accruing benefits. This also hurts longtime workers, because they will retire with much less than they expected: Up to 50% of a pension is earned in the last five years on the job."
P.S. The salaries that I see in software ranges from $55,000 for lower end to $105,000 for higher end with a solid average being $75,000. The best earn up to $145,000, but they are 1 in maybe 500.
Sorry, I'm not buying this stuff at all. Something is continuing to drive up greatly increased travel, educational and housing costs. Almost everyone I know is doing much, much better and living at a higher standard then their parents ever imagined.
If it bleeds it leads. The MSM is incapable of delivering good news, however accurate it might be.
You ought to be kidding me...$481 a week for actors?!...me thinks it is more like $481 a minute.