Top 4 employment sectors in the United States pay $10 an hour or less: The uneven recovery being led by low wage labor.
It is hard to believe but we are now “officially” six years into this recovery. For most Americans, it doesn’t feel anything like a recovery and that label appears to be a misnomer. Americans need only look at their paychecks and the cost of living to realize that yes, things are getting tougher. There appears […]
How much do Americans earn in 2015? A comprehensive look at household income and individual earnings. GDP disconnects from household income.
How much do Americans earn? This is an important question to ask given our consumption based economy. Each household has a propensity to spend and the ability to consume is largely derived by income. Debt has made it easier for households to spend future wages but we need to find out two important reference points […]
Is college worth the 172 percent price increase over the last 9 years? The cognitive dissonance between rising tuition and falling wages.
$1.36 trillion. That should sound like a lot of money because it is. How much is $1.36 trillion? Texas has an annual Gross Domestic Product of $1.4 trillion. $1.36 trillion is the amount of student debt that is attached to millions of Americans like a financial albatross. There is an ugly thing about this unrelenting […]
There is an economic crisis happening in the housing market. The working class is finding more of their wages sucked into the housing financial puzzle. Stagnant wages combined with rising home prices and rents are putting a lid on household formation. It probably doesn’t help that many young families are caught in the low wage […]
The working class Hunger Games: Reality TV show now pits working class against working class family for the chance to earn $101,000.
Reality TV has a nice connection to our growing low wage economy. Reality TV is easy to make, costs relatively little, and can be flushed away if it fails. If a hit occurs, the big profits are frontloaded to the network while “stars” can make money after the cream has been taken away. There is […]
Inflation acts as a pickpocket on the wallets of working Americans: Young Americans take a big hit given the small weight given to tuition in the CPI.
Inflation is a very real thing. The Fed continues to downplay the impacts of inflation to support their ongoing easy monetary policy. What this has created is an inflated stock market and hot money chasing into other asset classes including real estate. This wouldn’t be such an issue if your typical working American family was […]
The low wage employment tsunami: Low wage jobs now make up 25 percent of all employment in the United States.
The employment report continues to provide deceptive bread and circus fodder for the mainstream press. Never is any thorough analysis given to the 93+ million Americans that are now part of the “not in the labor force” category. In large part, we have a low unemployment rate because this massive army of Americans is simply […]