self serving horse apples by wind easterly

income by creed group

job markets suck

complete:

It appears prett

which ones not like the others ?

recent journey of median income : a quarter century going no where

"In 1989, the median American household made
 $51,681 in current dollars
 (the 2012 number ... was $51,017). "

" 24 years ago, a middle class American family was making more
       than the a middle class family was making one year ago."

LIVING A FULD LIFE

Richard Fuld, former CEO of Lehman Brothers Holdings Inc.

• Fuld earned about $69.5 million in 2007, the year before Lehman Brothers filed for bankruptcy in Sept. 2008. From 2000 to 2007, he was awarded about $889.5 million and cashed out about $529 million of that before the company went bankrupt.
• He owns homes in Greenwich, Connecticut, Jupiter Island, Florida, and a ranch in Sun Valley, Idaho.
• Fuld has since started a consulting firm called Matrix Advisors LLC.

example : uniscaling sucks if comparative changes in rates are not comparable e/p rates change verey slowly ...profits very fast below notice the hidden P/E shift it tells a larger tale then these other fire works displays

the no income tax clingers

labor day update lost decade for wagelings

"according to every major data source, the vast majority of U.S. workers—including white-collar and blue-collar workers and those with and without a college degree—have endured more than a decade of wage stagnation."


" Wage growth has significantly underperformed productivity growth regardless of occupation, gender, race/ethnicity, or education level."

" During the Great Recession and its aftermath (i.e., between 2007 and 2012), wages fell for the entire bottom 70 percent of the wage distribution, despite productivity growth of 7.7 percent."


" Weak wage growth predates the Great Recession.
 Between 2000 and 2007, the median worker saw wage growth of just 2.6 percent, despite productivity growth of 16.0 percent, while the 20th percentile worker saw wage growth of just 1.0 percent and the 80th percentile worker saw wage growth of just 4.6 percent."

" between 2000 and 2012, wages were flat or declined for the entire bottom 60 percent of the wage distribution (despite productivity growing by nearly 25 percent over this period)."


" Wage growth in the very early part of the 2000–2012 period, between 2000 and 2002, was still being bolstered by momentum from the strong wage growth of the late 1990s"

". Between 2002 and 2012, wages were stagnant or declined for the entire bottom 70 percent of the wage distribution."

" a lost decade  where real wages were either flat or in decline. "

This lost decade for wages comes on the heels of decades of inadequate wage growth. For virtually the entire period since 1979 (with the one exception being the strong wage growth of the late 1990s), wage growth for most workers has been weak.

"The median worker saw an increase of just 5.0 percent between 1979 and 2012,
 despite productivity growth of 74.5 percent—while the 20th percentile worker
 saw wage erosion of 0.4 percent and the 80th percentile worker saw wage growth
 of  17.5 percent."