Below you'll find everything that has been published on EPJ for the week ended Friday October 24, 2014. The hottest posts for each day are highlighted in red.
- Can’t Appreciate the Private Economy? You Don’t Deserve the Plenty It Provides
- Larry White’s Baffling Interview on the Gold Standard
- What Jobs Your City Is Most Known For
- The Troubling Prospect Of Janet Yellen As Lefty Political Crusader
- Poll: Latest on Swiss Gold Referendum
- Banker Suicide: DSK's Hedge Fund Partner Jumps From 23rd Floor Apartment
- Why Google's Job Interviews Never Last More Than 30 Minutes
- Bankster Meetings Revealed: Yellen's 2014 Calendar To Date
- Financial Fraud Expert: "The Bitcoin Movement Will End in Tears for the Little Guy...It’s Essentially a Pump and Dump Scam"
- Space-Age Oakland Home Lands on the Market for $21 Million
- Lefties Believe Higher Gas/Carbon/Cigarette Taxes Will Make People Consume Less, But a Higher Minimum Wage is Different?
- On The Impossibility Of Rational Calculation Under A Keynesian/Friedmanite Central Banking Regime
- NYT: No Big Deal If Price Inflation Climbs Above 2%
- Former Plunge Protection Team Member: The Statistics Don't Reflect the True Rate of Price Inflation
- A Dow Jones Publication Just Called Janet Yellen a Psychopath
- Here’s Why You Only Have a 0.2% Chance of Getting Hired at Google (If You Apply)
- My Ratio of Failure to Success is About 20:1
- Wage Expectations Back to 2006 Levels
- Chicago’s Economy is Bigger than Sweden's: US Metropolitan Economies Compared to Equivalent Nations
- Paging Mark Thornton: The Ultimate Sign of a Chinese Real Estate Bubble?
- Biggest Spenders on Lobbying
- New Study: The Middle Class is Collapsing in the United States
- The 15 Most Rat-Infested Cities in America
- Salaries by State and Occupation: Where Can You Really Earn the Most?
- PLAN AHEAD The Best Time to Buy Airline Tickets
- Breaking: Doctor in NYC Has Tested Positive for Ebola
Wednesday 10/22/14
- The Man Who Tried to Corner the Silver Market, Nelson Bunker Hunt, is Dead
- The State of Madness in Silicon Valley: ‘Uninhabitable’ Palo Alto Home On Market For $1.8M
- Minimum Wage Increase Blowback: McDonald's Plans Major Automation by the Third Quarter of Next Year
- Marc Andreessen Destroys Paul Krugman's Attack on Amazon
- INCREDIBLE: Video of Shootout in Canadian Parliament
- Wal-Mart, That Economic Wrecking Ball
- In U.S., 31% Say Now Is a Good Time to Find a Quality Job...
- The Top 10 U.S. States Where Chinese Are Investing in Real Estate
- BITCOIN IS EVIL: The Final Proof
- How Many Years Would It Take for You to Personally Payoff the US Debt
- Russia Calls Europe's Bluff on Ukraine Gas Deal
- OFF THE WALL: Keith Alexander Was Day Trading in Chinese Metals Firms While He was NSA Chief
- Apartment Rents Have Risen For 23 Consecutive Quarters; Show No Sign of Easing
- Study: Most Published Results in Financial Economics are Wrong
- Total's CEO Christophe de Margerie Dies in Moscow Plane Crash
- Swiss Gold Referendum: If This Passes It Could Change the Gold Price Overnight
- The Incredible Seasonality of E-commerce
- Will the US Oil Boom Survive Even with Falling Oil Prices?
- China GDP Growth Rate Is Slowest in Five Years
- WOW New Swiss Poll: Gold in the Lead!
- Market Volatility Since the 2008 Financial Crisis
- The Unemployment Rate is Below 5% in 15 States. Where Does Your State Rank?
- Cato Shrugged Opens Center to "Challenge" Fed
- The Money That Flows to Lobbyists
- Gold-Hater Joe Weisenthal Leaving Business Insider for Bloomberg
- Dentists Have Last Laugh Over Sneering Keynes
- The Best Time to Buy a House or Rent an Apartment
- ‘Saudi Texas’ and the Oil Shale Boom
- Kshama Sawant Calls for a New Political Party of "Working People"
- This is What the Oil Boom is Doing to Wages in North Dakota
- The Silver Economy: A New and Powerful Consumer Class
- BE PREPARED: The Coming Tax-Break Smackdown
- BLOWBACK: Russia Widens Crackdown on McDonald’s
- Price Inflation for the Masses: McDonald's Gets More Expensive
- The Eventual Only Use for the US Dollar...
- Ludwig von Mises and the Austrian Theory of Inflations and Recessions
- The Affordable Care Act Will Push More Women Than Men Into Part-Time Work
- How To Make $500,000 A Year On Twitter
- Did Friedrich Hayek Influence George Orwell?
- The Bottom 90 Percent: No Better Off Today Than in 1986
- Absolutely One of the Strangest Reasons Why Health Insurance Plans are Getting Cancelled Under Obamacare
- Russia Now, Most Likely, Has More Gold Reserves Than Switzerland
- FORECAST: If oil prices stay below $90 for a while, we will witness fiscal squeezes and regime changes in production countries
- Advice For A Career In Economics (Sort of)
- AMAZING A Central Banker Speaks Three Truths in One Speech
- 10 Medical Breakthroughs Helped Re-Shape Healthcare This Year
- MAP European Countries Where Governments Collect Tax From Church Members
- A Key Indicator to Watch that May Be a Strong Indicator of Future Price Inflation
- Lady Gaga Buys Awesome Malibu Estate
- Energy Policy and It's Implication for the Extreme Poor
- The Year-To-Date Performance Of Every Major Asset Class In The World
- A Nobel Prize-Worthy Economist Figured Out How to Destroy Terrorism
- Why Food Stamp Use Isn't Going Down
- Best Cities for Millennial Homebuyers
- Bitcoin Trader Goes Belly-Up
- Bitcoin Services Forced to Spy on Users?
- Commuter Pain Index
- Pope Francis Rents Out Sistine Chapel to Porsche
- OUCH How Productive is Your Time When You Respond to a Paul Krugman Critique?
- What Do Baby Boomers Want (Now That They are Far From Being Babies)
- U.S. Debt Held by Foreigners Hits Record $6.07 Trillion
- Socialist Hypocrisy
- Americans From Which Professions Are Most Likely to Own Homes?
- Estimates of How Many People Will Lose Employer-Provided Health Coverage Keep Rising
- EU's 'Fiscal Austerity' is a Joke
- Where Twitter Beats Google
- Peter Schiff: QE4 is Coming
- Is Money a Unit of Value or Unit of Measure?
50% Of American Workers Make Less Than $28,031 A Year
ReplyDeleteThe Social Security Administration has just released wage statistics for 2013, and the numbers are startling. Last year, 50 percent of all American workers made less than $28,031, and 39 percent of all American workers made less than $20,000. If you worked a full-time job at $10 an hour all year long with two weeks off, you would make $20,000. So the fact that 39 percent of all workers made less than that amount is rather telling. This is more evidence of the declining quality of the jobs in this country. In many homes in America today, both parents are working multiple jobs in a desperate attempt to make ends meet. Our paychecks are stagnant while the cost of living just continues to soar. And the jobs that are being added to the economy pay a lot less than the jobs lost in the last recession. In fact, it has been estimated that the jobs that have been created since the last recession pay an average of 23 percent less than the jobs that were lost. We are witnessing the slow-motion destruction of the middle class, and very few of our leaders seem to care.
The "average" yearly wage in America last year was just $43,041.
http://www.zerohedge.com/news/2014-10-24/50-american-workers-make-less-28031-year