Average Worker’s Paycheck Less, Except For Millionaires
Memo to all of those people out there asking what the point of #OWS is: Have a look at these payroll statistics to get a clue if you don’t have one yet. Via Reuters : The median paycheck — half made more, half less — fell again in 2010, down 1.2 percent to $26,364. That works out to $507 a week, the lowest level, after adjusting for inflation, since 1999. The number of Americans with any work fell again last year, down by more than a half million from 2009 to less than 150.4 million. enlarge There was, however, one group that did quite well. Quite well, indeed. The number of workers making $1 million or more rose to almost 94,000 from 78,000 in 2009. However, that was still below some earlier years, including 2007, when more than 110,000 workers made more than $1 million each. At the very top, the number of workers making more than $50 million rose in 2010 to 81, up from 72 the year before. But average pay in this group declined $4.5 million to $79.6 million. Aw. Poor oligarchs took a little hit in pay but increased their ranks. Aren’t they the lucky ones? Meanwhile, we have Republicans in the Senate that are just worst than useless. At this point, I consider their inactions to be inactions of intentional evil . Oh, here’s a bonus. It’s a long read, but worth it, if only to see how a teacher and a public employee in Ohio are coping. It’s a story lots of us can tell — just holding on by the edge of our fingernails, if that. MotherJones: Ohio’s War on the Middle Class
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Average Worker’s Paycheck Less, Except For Millionaires
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on October 21, 2011. Filed under