Feb 6 2015

The evolution of low wage America: The most common jobs by state in 1978 to 2014. The destruction of the manufacturing industry.

The US continues to see a widening gap between the army of low wage workers, the highly paid small upper-class, and a dwindling middle class.  We’ve already shown through IRS tax data that households make a lot less than people think.  The US has been on a very steady trend towards having a massive pool […]

Jan 17 2015

The minimum wage economic recovery – 44 percent of jobs added since recession ended come from low-wage industries paying $10 an hour or less.

This has been a disjointed economic recovery.  Most Americans are hearing about this Wall Street party yet look at their paychecks and wonder when the party is going arrive in their neighborhood.  Looking back at the 2001 recession, the recovery during that time came largely by adding higher paying employment.  That is not the case […]

Jan 15 2015

Which state has half of its eligible adults not working? The dismal employment participation rate across the United States.

People have a hard time wrapping their minds around the fact that 93 million Americans are not in the labor.  In December alone we added over 451,000 to this category.  Much of this figure comes from people retiring and those simply not eligible to work but there is a disturbingly large number of people that […]

Dec 26 2014

92.4 million Americans not in the labor force: The continuing trend of one-third of Americans supporting the other two-thirds.

92.4 million Americans are considered to be “not in the labor force” officially.  This number is incredibly high and is a large factor for the drop in the employment participation rate.  While many older Americans are winging it when it comes to retirement, one-third of the private workforce is supporting two-thirds of the population.  Part […]

Nov 28 2014

What happens when 100 million Americans are not in the labor force? More pressure is being added on the one-third of working Americans supporting two-thirds of the population.

It is hard to believe but we have over 92 million Americans not in the labor force.  I’ve paid close attention as to how the media presents this group and they usually attribute it to older Americans retiring.  The problem with this narrative is that it gives the impression that many have the means to […]

Nov 2 2014

The oxymoron of the labor force when labor means not working: 92 million Americans are not in the labor force with 12 million of those being added only in the last 4 years.

This week we will be getting the employment numbers.  The unemployment rate is expected to stay steady or even drop which is comical given that we have 92 million Americans not working today and another 19 million that are fully unemployed.  Those not in the labor force continues to grow beyond the basic changes in […]

Oct 26 2014

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.  […]

Page 1 of 1612345...10...Last »

Enter your email address to receive updates from My Budget 360:

100% Private & Spam Free.


Categories



wordpress stats