Working for peanuts: Half of American workers earn less than $28,031 per year and household income now back to levels last seen two decades ago.
Every fall, two pieces of data are released reflecting the earning potential of American families and workers. The low wage economy has certainly taken a toll on how much Americans earn. Social Security data was recently released and shows that 50 percent of the country earns less than $28,031. This is the per capita wage. […]
Those not in the labor force but looking for a job now rose last month: The funny numbers behind the unemployment rate.
Those “not in the labor force†Americans continues to expand while the headline unemployment rate continues to decline. Some pundits will try to argue that this number does not accurately portray those looking for work. Well how about a category called “not in the labor force, want a job now†for categorizing those looking for […]
Unwealthy in America: New study finds that Top 1 percent hold 37 percent of nation’s wealth. A quarter of US families feel they are under economic stress caused by the Great Recession.
Wealth matters. Saving and investing are the cornerstone to having a long-term successful future. Yet for most Americans, the ability to gather and save wealth is slipping through their fingers like sand through an hourglass. A new study finds that the top one percent actually hold more wealth than we once thought. Why? First, there […]
16 million Americans have dropped out of the labor force in the last 10 years: The growth of long-term unemployment, low wage labor, and distorted employment figures.
The unemployment rate is looking much better than it should because we have a very large number of Americans that have dropped out of the labor force. How many? In the last 10 years 16.2 million Americans have dropped out of the labor force. The total number of Americans not in the labor force is […]