Those figures are different from total income, in that they ignore investment income as well as bonuses or overtime that is not considered usual. The national median wage in the first quarter of this year was $827 a week. In 2013 dollars, the median wage 13 years before was $819, so the increase is about 1 percent. The figures include all workers over the age of 25. The department said that to reach the 90th percentile — that is, to earn more money than 90 percent of those with jobs — a person needed to earn $1,909 a week. That figure was nearly 9 percent higher than in early 1980. To reach the 10th percentile — earning less money than 90 percent of those with jobs — required an income of $387 a week. After adjusting for inflation, that figure is down 3 percent from 2000. The accompanying charts show the trends over time for the 25th and 75th percentiles, as well as the median and the 10th and 90th percentiles. Put another way, in 2000 a worker in the 75th percentile made 48 percent more than a worker at the median, or 50th percentile. Now, a worker in that group earns 58 percent more. The trends have been similar within education groups. The median income of college graduates in the first quarter of this year was $1,189 a week. Adjusted for inflation, that figure was about 1 percent less than the median 13 years earlier. To make the 90th percentile, a college graduate needed to earn $2,585 a week, a figure that is about 8 percent higher than the 2000 earnings needed.

Those figures are different from total income, in that they ignore investment income as well as bonuses or overtime that is not considered usual. The national median wage in the first quarter of this year was $827 a week. In 2013 dollars, the median wage 13 years before was $819, so the increase is about 1 percent. The figures include all workers over the age of 25. The department said that to reach the 90th percentile — that is, to earn more money than 90 percent of those with jobs — a person needed to earn $1,909 a week. That figure was nearly 9 percent higher than in early 1980. To reach the 10th percentile — earning less money than 90 percent of those with jobs — required an income of $387 a week. After adjusting for inflation, that figure is down 3 percent from 2000. The accompanying charts show the trends over time for the 25th and 75th percentiles, as well as the median and the 10th and 90th percentiles. Put another way, in 2000 a worker in the 75th percentile made 48 percent more than a worker at the median, or 50th percentile. Now, a worker in that group earns 58 percent more. The trends have been similar within education groups. The median income of college graduates in the first quarter of this year was $1,189 a week. Adjusted for inflation, that figure was about 1 percent less than the median 13 years earlier. To make the 90th percentile, a college graduate needed to earn $2,585 a week, a figure that is about 8 percent higher than the 2000 earnings needed.

how about that !

Each series is displayed as an index set to equal 1 in 1947. Q1, Q2, and Q3 are the first (lowest), second, and third quintiles of the income distribution. Inflation adjustment for each series is via the CPIU- RS.

financial repression or wage represion?

“pent-up demand for wage cuts”

get it

the economy takes off nominally...and leaves wage rates behind

the stakes may well cut either way here
there may no0t be  three doors  as mr monte  hall offered
but there are at least  two

forget the proper ratio of min to median ...how about a minimum wage nominal floor lifter

i think we might look at this hypothetical system

we set not a minimum hourly wage rate
but design an algorithm
that lifted the minimum wage
by cpi plus n% a year
n to be some thing like 10%
how would wage share in gdp develop
if the system
was driving the nominal bottom up up up ?


this is not to slight in any way
the static question
what is the optimal min to median ratio ?

 just  in addition
    let's  consider
the change in the price system
the operating mark ups
if firms ...even firms
that never pay as low as
the minimum to any hires...
what if they knew they faced this relentless nominal wage push coming at them
from the bottom up

hegel lesson for the day

the government, the individual citizens

and the needs or external life of the individuals, are three terms, each

of which is the middle of the other two. The government is the

absolute centre in which the extreme of the individuals is united with

their external existence; similarly, the individuals are the middle term

that activate that universal individual into external concrete existence

and translate their moral essence into the extreme of actuality. The

third syllogism is the formal syllogism, that of an illusory show, in

which the individuals purport to be linked to this universal absolute

individuality by their needs and external existence; a syllogism which,

as merely subjective, passes over into the others and in them has its

truth.

job less ness...must be : a nasty purgatory... if not a living hell

okay so the SSA's retirement system is actually soiund....but but but ...what about its disability payment system

"The typical DI beneficiary is in his or her late 50s — 70 percent are over age 50, and 30 percent are 60 or older — and suffers from a severe mental, musculoskeletal, circulatory, respiratory, or other debilitating impairment. His or her earnings fell sharply in the years before applying to the program. Only a minority of beneficiaries can do any work, and even fewer are able to do substantial work (enough to support themselves without help), studies generally conclude"




of course the word here is not "work"
as in do ANY  work

 but get ANY  job

 and obviously
  the training and attention on the job
to learn how to hold on to it

great job based  society we got  here

if you are easily and costlessly exploitable

otherwise

  you get benched

and your fellow jobsters pay you a "retainer"