Comments people make
Comments people make without understanding the subject matter Wages in America: The Rich Get Richer and the Rest Get Less!! Stagnating Workers' Wages: In 1979 the American worker's average hourly wage was equal to $15.91 (adjusted for inflation in 2001 dollars). By 1989 it had reached only $16.63/hour. That's a gain of only 7 cents a year for the entire Reagan decade. But wait. Things get worse! By 1995 it had risen to only $16.71, or virtually no gain whatsoever over the 6 years between 1989 and 1995. During the great 'boom years' between 1995 and 2000 it rose briefly to $18.33 per hour. In other words, from 1979 to 2000, even before the most recent Bush recession, after more than two decades the American worker's average wages increased on average only 11.5 cents per hour per year! With nearly all of that coming in the five so-called 'boom' years of 1995-2000, and most of that lost once again in the last three years. And that includes for all workers, even those with college degrees. The picture is worse for workers who had no college degree. That's more than 100 million workers, or 72.1% of the workforce. For them there was no 'boom of 1995-2000' whatsoever. www.kyklosproductions.com/articles/wages.html College Grads' Starting Salaries Down 10% Recent College Graduates Making 8-11% Less Than They Did 10 Years Ago To the graduating class of 2012: All that money you or your parents have spent or borrowed to pay your tuition for the past few years? It's not getting the same return on investment it did a decade ago. According to the folks at the Economic Policy Institute, the average inflation-adjusted wage for male college graduates aged 23 to 29 was $21.68/hour. That's an 11% over decline over the last ten years. And while wages for females in the same age and education group are only down 7.6% during that same time period, women still make significantly less on average ($18.80/hour). As for those people who choose to go straight from high school into the workforce, the average wage for males aged 19-25 dropped 10% to $11.68/hour. Females in this age and education group saw a similar drop of 9.2% to $9.92/hour. Overall, average hourly wages have increased over the last decade, but that stat could be misleading, as a large number of low-income workers are now out of a job and thus not figured into the average wage. And, points out the Wall Street Journal, while employers tend to not cut pay of long-time employees, they make up for the lack of pay cuts by offering less cash to new hires. www.collegeview.com/admit/?p=2511 The Middle Class Is Broke: Pew Study Reveals Real Problem With Economy One of the most important stories in the U.S. economy these days is the rise of extreme inequality. Over the past 30 years, a larger and larger portion of America's income growth has gone to those in the top 10% of incomes, and especially those in the top 1%. This is a major change from the prior 60 years, in which the top 10% and the bottom 90% shared in the income gains. A stark and startling example of this trend is the fact that, adjusted for inflation, "average hourly earnings" in this country have not increased in 50 years. Since 2000, the Pew says, "the middle class has shrunk in size, fallen backward in income and wealth, and shed some—but by no means all—of its characteristic faith in the future." Pew cites statistics showing that middle class earnings and net worth have plummeted since the mid-2000s and that about 85% of the middle class say it is harder to maintain their standard of living than it was 10 years ago. finance.yahoo.com/blogs/daily-ticker/middle-class-broke-pew-study-reveals-real-problem-155018682.html Slower Wage Growth, Declining "Real Wages"!! If kept on par with inflation since 1968, the minimum wage would be $10.55 per hour. www.nelp.org/page/-/Job_Creation/NELP.DecliningWageGrowth.pdf?nocdn=1 Summer survival training Kaz vs. Wild 3 www.youtube.com/watch?v=NOo5nmV7Rng FAIR USE VERBAGE: § 107.Limitations on exclusive rights: Fair use Notwithstanding the provisions of sections 106 and 106A, the fair use of a copyrighted work, including such use by reproduction in copies or phonorecords or by any other means specified by that section, for purposes such as criticism, comment, news reporting, teaching (including multiple copies for classroom use), scholarship, or research, is not an infringement of copyright. In determining whether the use made of a work in any particular case is a fair use the factors to be considered shall include — (1) the purpose and character of the use, including whether such use is of a commercial nature or is for nonprofit educational purposes; (2) the nature of the copyrighted work; (3) the amount and substantiality of the portion used in relation to the copyrighted work as a whole; and (4) the effect of the use upon the potential market for or value of the copyrighted work.
