Keyword: salary

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  • 13 College Majors Where The Pay Goes Nowhere

    11/18/2014 7:48:55 AM PST · by SeekAndFind · 52 replies
    Business Insider ^ | 11/18/2014 | JACQUELYN SMITH
    When deciding on a college major, students are encouraged to think about a few things: what they love to do; what they want to do; what jobs they imagine themselves in; and what the earning and growth potential is like for those careers. For instance, they'd probably want to know ahead of time that Human Services majors only see their annual pay increase by about $7,500, or 22%, over the first 10 years of their careers, compared to the average American worker, whose salary grows by about $25,000, or 60%, in that time. That's according to Payscale, the creator of...
  • What's Causing the Wage Stagnation?

    11/06/2014 7:57:13 AM PST · by SeekAndFind · 44 replies
    RCM ^ | 11/6/2014 | Robert Samuelson
    I recently wrote about sluggish and stagnant wages, which are said to weaken the economy's recovery. I argued that workers' fear of losing their jobs is an important - perhaps decisive - explanation. In a nutshell: Frightened of being fired and being unable to find a new job, workers are less inclined to quit and search for something better. Therefore, employers don't have to raise wages, or can raise them less, to retain their best workers. Wage gains have been running at about 2 percent annually, a bit above the rate of inflation. There are many competing theories. The most...
  • 50% Of American Workers Make Less Than $28,031 A Year

    10/25/2014 6:11:19 AM PDT · by SeekAndFind · 89 replies
    Zero Hedge ^ | 10/25/2013 | Michael Snyder via Zero Hedge
    The Social Security Administration has just released wage statistics for 2013, and the numbers are startling.  Last year, 50 percent of all American workers made less than $28,031, and 39 percent of all American workers made less than $20,000.  If you worked a full-time job at $10 an hour all year long with two weeks off, you would make $20,000.  So the fact that 39 percent of all workers made less than that amount is rather telling.  This is more evidence of the declining quality of the jobs in this country.  In many homes in America today, both parents are...
  • Why you havent gotten a pay raise

    10/07/2014 6:49:54 AM PDT · by SeekAndFind · 33 replies
    Washington Post ^ | 10/07/2014 | Catherine Rampell
    Why havent you gotten a raise? In the past few years, corporate profits have climbed ever higher. Legions of unemployed people are now finding gainful employment, with joblessness finally falling below 6 percent. Meanwhile, if youre anything like the average American worker, your pay has been flat, just barely keeping pace with inflation. If youre in the very middle of Americas income distribution, in fact, your overall household income is lower today than it was when the recession officially ended more than five years ago. This is all a bit of a puzzle. Usually unemployment declines go hand in hand...
  • The 25 Worst Jobs For Salary Growth

    10/02/2014 1:49:47 PM PDT · by SeekAndFind · 11 replies
    Business Insider ^ | 10/02/2014 | Emmie Martin
    We recently laid out the best jobs for pay raises and growth a new report from financial tools startup SmartAsset. While half of the top 10 careers were in healthcare showing that these professionals can easily and quickly move up and make more a recent report from PayScale found that this most definitely isn't an industry-wide trend. In fact, healthcare jobs dominated PayScale's list of the worst professions for salary growth. To compile its ranking of jobs with the slowest salary growth, PayScale examined the median pay for over 2,000 professions over a 20-year period. They found...
  • Here's The Salary You Have To Earn To Buy A Home In These 13 Major US Cities

    09/03/2014 7:18:47 AM PDT · by SeekAndFind · 39 replies
    Business Insider ^ | 09/03/2014 | Libby Kane
    In May, we reported on the salary needed to buy a home in 12 major U.S. cities, based on first-quarter data analyzed by mortgage websiteHSH.com. The site has updated its data according to 2014 second-quarter numbers, which we've listed here (with the addition of Washington, D.C.).Spoiler alert: It's only gotten more expensive.The site looked at median home prices from the National Association of Realtors, along withinterest rates for common 30-year, fixed-rate mortgages and property taxes and insurance costs, to figure out how much money it would take to pay a median-priced home's mortgage principal, taxes, and insurance and how...
  • Study finds Dems pay minorities less than white counterparts

    08/11/2014 3:06:38 PM PDT · by SeekAndFind · 5 replies
    Hotair ^ | 08/11/2014 | Noah Rothman
    Earlier this year, the press was shocked to learn that President Barack Obamas rhetorical opposition to divisive gender-based discrimination in the workplace was not matched by his administrations actions. After months of pushing the misleading and inaccurate statistic that women are paid just 70 cents for every dollar a man makes in similar occupations, the political media learned that the same calculation implicates the White House in that very same discrimination. As recently as July, reporters noted that the administration has been slow to correct their own pay discrimination problem. The average male White House employee currently earns about...
  • Ukrainian government has no cash for army salaries from after August 1

    07/24/2014 9:32:02 PM PDT · by Freelance Warrior · 25 replies
    The Kyiv Post ^ | 07/24/2014
    The protracted hostilities have used up the financial resources set aside for the conduct of the anti-terrorist operation (ATO), thus undermining salary payouts to the Ukrainian military as early as from August 1, Ukrainian Finance Minister Oleksandr Shlapak said on July 24.
  • Chelsea Clinton Follows Parents Lead as a Paid Speaker [$75,000 Per Speech]

    07/09/2014 9:08:49 AM PDT · by SeekAndFind · 71 replies
    New York Times ^ | 07/09/2014 | By AMY CHOZICK
    There is a new Clinton paid to deliver speeches Chelsea, the former first daughter and she is commanding as much as $75,000 per appearance. Aides stressed that while Bill and Hillary Rodham Clinton often address trade groups and Wall Street bankers, Ms. Clinton, now 34, focuses on organizations whose goals are in line with the work of the familys philanthropic organization, the Bill, Hillary & Chelsea Clinton Foundation. Organizers said her star power helped sell tickets and raise money. And unlike her parents talks, Ms. Clintons speeches are on behalf of the Clinton Foundation, and 100 percent of...
  • Here's The Salary You Have To Earn To Buy A Home In These 12 Major US Cities

    05/21/2014 8:36:19 AM PDT · by SeekAndFind · 20 replies
    Business Insider ^ | 05/21/2014 | Libby Kane
    In the wake of reports that teachers are being dramatically priced out of the San Francisco area and that 45% of Manhattan homes are purchased in cash, sometimes you just have to wonder: Who can actually afford to buy a home? Mortgage website HSH.com analyzed median home prices and interest rates for common 30-year, fixed-rate mortgages, as well as property taxes and insurance costs, to figure out how much money it would take to pay a home's mortgage principal, taxes, and insurance — and how much you would have to earn to afford it. You can check out its website...
  • The Wages Of Young Female College Grads Are Lower Today Than In 1989

    05/16/2014 9:09:03 AM PDT · by SeekAndFind · 22 replies
    Business Insider ^ | 05/16/2014 | ALYSSA DAVIS, EPI'S WORKING ECONOMICS BLOG
    One of the most shocking findings from Heidi Shierholzs, Will Kimballs, and my research on young graduates is that inflation-adjusted wages for young female college graduates are lower today than they were in 1989. Average real wages for young female college graduates are currently $15.29, whereas 25 years ago they were $16.12 (in 2013 dollars) a decrease of 5.2%. This is part of a wider trend of wage stagnation and decline since 1989 for both men and women. For all college graduates ages 21-24 (male and female combined), wages today are only 2.4% higher than they were in 1989....
  • Cheerleader revolt against NFL grows with lawsuit against Jets

    05/06/2014 6:17:02 PM PDT · by ConservativeStatement · 39 replies
    Los Angeles Times ^ | May 6, 214 | Robin Abcarian
    The Great NFL Sideline Rebellion of 2014 strikes again.. A former professional cheerleader for the New York Jets filed a wage-theft lawsuit against the team Tuesday, making the Jets the fourth NFL team this year to be sued by cheerleaders for allegedly violating state labor laws.
  • Here's How Much Money Doctors in America Actually Make

    04/21/2014 1:25:04 PM PDT · by SeekAndFind · 51 replies
    Business Insider ^ | 04/21/2014 | LAUREN F FRIEDMAN
    Medscape, a subsidiary of the medical information website WebMD, has released its 2014 Physician Compensation Report. The data in the report come from more than 24,000 doctors in 25 specialties, who responded to Medscape's annual survey with information on their compensation for 2013.The infographic below shows the average earnings for each surveyed specialty. Orthopedists were the highest earners: In an explanation of their findings, Medscape notes that: "As in the past, those who perform procedures have the highest incomes compared with those who manage chronic illnesses." Some primary care practices saw a slight increase in earnings, "which could reflect early...
  • GOP legislation would cut off Holder's salary

    04/16/2014 3:48:39 AM PDT · by markomalley · 13 replies
    Fox News ^ | 4/16/2014
    A Republican lawmaker has introduced legislation that would cut off pay to Attorney General Eric Holder and other federal officials who have been held in contempt of Congress. Rep. Blake Farenthold, R-Texas, introduced the "Contempt Act" on Tuesday, less than a week after alluding to the measure during a contentious House Judiciary Committee hearing where Holder faced criticism from GOP lawmakers. "The American people should not be footing the bill for federal employees who stonewall Congress or rewarding government officials bad behavior," Farenthold said in a statement. "If the average American failed to do his or her job, he or...
  • 9 Of The Top 10 Occupations In America Pay An Average Wage Of Less Than $35,000 A Year

    04/03/2014 2:55:01 PM PDT · by SeekAndFind · 45 replies
    TEC ^ | 04/03/2014 | Michael Snyder
    According to stunning new numbers just released by the federal government, nine of the top ten most commonly held jobs in the United States pay an average wage of less than $35,000 a year. When you break that down, that means that most of these workers are making less than $3,000 a month before taxes. And once you consider how we are being taxed into oblivion, things become even more frightening. Can you pay a mortgage and support a family on just a couple grand a month? Of course not. In the old days, a single income would enable a...
  • A new way to gauge the worth of college debt, starting salary

    03/23/2014 4:35:07 PM PDT · by SeekAndFind · 43 replies
    Chicago Tribune ^ | 03/17/2014 | By Steve Rosen
    Here's a typical college scenario: Your daughter's dream job is to be an elementary school teacher and reading specialist. Yet she'll need to dive deep into debt to pursue her undergraduate degree, and borrow more if continuing to grad school. She's worried -- rightfully -- about her financial future, and she's looking for answers. How much debt might she be saddled with? How much will her college degree translate into salary once she lands a job? And what budget-squeezing sacrifices might be necessary to repay the swath of loans? Those types of questions are on the minds of countless college...
  • Md. Lawmakers To Get 15 Percent Pay Hike

    03/22/2014 2:44:57 PM PDT · by workerbee · 24 replies
    CBSBaltimore ^ | 3/22/14
    <p>ANNAPOLIS, Md. (AP) Maryland lawmakers will receive a 15.7 percent pay raise over the next four years.</p> <p>Sources report that a salary commission recommended the increase, which will take effect automatically. A Republican resolution to stop the pay hikes is going nowhere.</p>
  • The 15 Highest-Paying Companies in America

    03/18/2014 9:21:55 AM PDT · by SeekAndFind · 14 replies
    Wall Street 24X7 ^ | 03/18/2014 | Douglas A. McIntyre, Alexander E.M. Hess, Thomas C. Frohlich and Vince Calio
    Median income for Americans was $34,750 in 2012. At some companies, however, the median is more than five times the national number. Based on figures provided by Glassdoor, 24/7 Wall St. examined the highest-paying companies in America. The companies that pay their employees the most fall primarily into two industries: management consulting firms and tech companies. These companies employ graduates of elite schools who have skills that are in high demand and have high salary expectations to match.Click here to see the 15 Highest-Paying Companies in AmericaConsultancies can afford to pay high salaries. Generally, they are high-margin businesses, relying on...
  • Obama to force businesses to pay more employees overtime

    03/12/2014 3:08:29 PM PDT · by SeekAndFind · 11 replies
    Hotair ^ | 03/12/2014 | AllahPundit
    Unlike his various “fixes” for ObamaCare, there actually is some statutory basis for this move. In both cases, though, he’s following the same rule: Even if the policy isn’t good, the politics are, and that makes it worth doing.It’s a logical corollary to his push to raise the minimum wage. If, in the name of fairness and income equality, we can tell businesses how much to pay their lowest-ranking employees, we should also tell them how much to pay their middle managers, no? Under current federal regulations, workers who are deemed executive, administrative or professional employees can be denied overtime...
  • Seattle's Socialist councilwoman to accept less than half of $117K salary

    01/28/2014 1:33:08 AM PST · by Libloather · 8 replies
    NBC News ^ | 1/27/14 | Jeff Black
    Seattles only Socialist City Council member announced Monday that she will make good on a campaign pledge and accept only $40,000 a year in salary bringing her down to the average wage of a worker in the city. The remainder of the roughly $117,000 salary will go to social justice causes such as strike funds, civil rights and womens rights, she said in a statement. "Every Councilmember faces a choice of who they represent and which world they inhabit, said Kshama Sawant, who took office earlier this month. My place is with working people and their struggles. I want...
  • A Closer Look At Teacher Salaries In Michigan

    12/31/2013 8:38:42 AM PST · by MichCapCon · 8 replies
    Capitol Confidential ^ | 12/24/2013 | Tom Gantert
    Public school teacher salaries have dropped 8 percent from 1999-00 to 2012-13 when factoring in inflation, according to an MLive story. However, the data released by the U.S. Department of Educations National Center for Education Statistics includes charter public school teachers salaries, which are considerably lower than conventional public school teachers, and doesnt mention a recent exodus of the states oldest and highest paid teachers. The article stated: When converted to 2013 dollars, Michigan teachers were earning an average $67,148 in 1999-2000, compared to an actual average for 2012-2013 of $61,560. Heres a closer look at the salary...
  • Philadelphia 76ers Rookie Puts Salary in Trust: A Smart Choice?

    12/03/2013 2:53:04 PM PST · by SeekAndFind · 23 replies
    ABC News ^ | 12/03/2013 | Susanna Kim
    A rookie NBA player for the Philadelphia 76ers is being lauded for his financial prowess in putting his salary in a trust that he can't touch for three years, possibly avoiding the fate of a famous basketball player who donned the same jersey and now can't pay child support. Drafted 11th overall in the 2013 NBA Draft, Michael Carter-Williams, 22, is guaranteed $4.5 million over his first two seasons, but some of his salary is being put into a trust he can't touch for three years, the Philadelphia Inquirer reported. In the meantime, he is living off his endorsement deals...
  • State Workers Earn $5.8 Billion More Annually in Benefits Than Private Sector Employees

    10/24/2013 10:12:37 AM PDT · by MichCapCon · 2 replies
    Capitol Confidential ^ | 10/24/2013 | Jarrett Skorup
    In Michigan, the difference in benefits between state and local government workers and the average taxpayer who supports them is $5.8 billion per year, according to a new study. If the state eliminated that discrepancy, the Michigan income tax could be cut in half and there still would be money left over. Larger demands from pension funds and ever-increasing insurance premiums have been blamed for local government fiscal stress, but few citizens realize how big the gap truly is between private and public sector workers. And as compensation costs for government workers has increased much faster than the average taxpayers'...
  • McDonald's Employee and Single Mother Detained for Confronting Company President About Worker Pay

    10/10/2013 1:23:08 PM PDT · by fungoking · 79 replies
    Yahoo ^ | 10/10/13 | Pamela Engel
    <p>A single mother who has been working at McDonald's for 10 years was detained by police last week after she interrupted the company president's speech in Chicago to confront him about low worker pay.</p> <p>Crain's Chicago Business reports that 26-year-old Nancy Salgado was part of a group protesting the event, asking company officials to raise worker wages to $15 an hour and allow employees to form a union without fear of retaliation.</p>
  • Sen. Ted Cruz Will Donate His Salary to Charity During Shutdown

    09/30/2013 8:09:40 PM PDT · by ReformationFan · 8 replies
    Capitalism Institute ^ | Shaun Connell
    Sen. Ted Cruz and Sen. Rand Paul have become the two most important voices in DC politics. They worked together during Rands filibuster earlier this year and during Teds filibuster this last week. But the most important thing weve seen is personal responsibility and good character from them both. Rand Paul gave $600,000 BACK to the federal government from his office. Hes in it to cut spending in any manner possible, even his own offices budget. And now, Sen. Ted Cruz has made a similar announcement, saying that he will donate his salary to charity for every day the government...
  • Sen. Ted Cruz to donate salary to charity if Harry Reid forces government shutdown

    09/30/2013 6:11:55 PM PDT · by markomalley · 46 replies
    WASHINGTON, DC -- Today U.S. Senator Ted Cruz (R-TX) announced his intention to donate his salary to charity for each day Majority Leader Harry Reid forces a government shutdown: "Harry Reid should not force a government shutdown. I hope that Reid stops refusing to negotiate and works with the House to avoid a government shutdown, and, at the same time, prevent the enormous harms that Obamacare is inflicting on the American people. "If, however, Harry Reid forces a government shutdown, I intend to donate my salary to charity for each day the government is shut down. Elected leaders should not...
  • Some CEOs Are Still Cashing In at Our Expense

    08/28/2013 4:07:01 PM PDT · by SeekAndFind · 6 replies
    The Fiscal Times ^ | 08/28/2013 | By JOSH BOAK
    Many of the highest paid CEOs are profiting at the expense of their stockholders and at the expense of American taxpayers, according to a study released Wednesday morning by the progressive Institute for Policy Studies.A surprising 38 percent of these corporate titans were either fired involuntary, led companies that were penalized for fraud, or received a taxpayer bailout after the 2008 financial crash.This report should put an end to any remaining sense that we have pay for performance in corporate America, said Sarah Anderson, a co-author of the report and a director at the Washington-based think tank.Most CEOs defend...
  • 40 Percent Of U.S. Workers Make Less Than What A Full-Time Minimum Wage Worker Made In 1968

    08/05/2013 1:06:53 PM PDT · by SeekAndFind · 27 replies
    TEC ^ | 08/05/2013 | Michael Snyder
    Are American workers paid enough? That is a topic that is endlessly debated all across this great land of ours. Unfortunately, what pretty much everyone can agree on is that American workers are not making as much as they used to after you account for inflation. Back in 1968, the minimum wage in the United States was $1.60 an hour. That sounds very small, but after you account for inflation a very different picture emerges. Using the inflation calculator that the Bureau of Labor Statistics provides, $1.60 in 1968 is equivalent to $10.74 today. And of course the official government...
  • Of Course Merit Pay Is a Good Idea - Time for public schools to catch on

    06/11/2013 9:28:27 AM PDT · by MichCapCon · 14 replies
    Michigan Capitol Confidential ^ | 6/9/2013 | Jarrett Skorup
    In almost every profession, workers are compensated based on how much value their employers think they bring to the company. Of course, the workers generally want more money and the employers want to pay less, but something of equilibrium is reached, which is how the market determines wages. That's merit pay, and outside of conventional public schools, it is almost entirely uncontroversial. But defenders of the public school status quo in Michigan believe that compensation for teachers should be paid based on two things: Degree level and longevity. They believe that the effectiveness of a teacher is too hard to...
  • Ask The Headhunter: Never, Ever Disclose Your Salary to an Employer

    06/04/2013 10:22:02 AM PDT · by Responsibility2nd · 105 replies
    PBS ^ | 06/04/2013 | By: Nick Corcodilos
    Question: I read your article titled "Keep Your Salary Under Wraps," and I agree completely that there is no good reason (from the employee's perspective) to disclose your current salary to a future employer. A competent business should be able to independently assess a prospective employee's worth without being biased by another data point. Judging from your article, however, you may not be aware that employers require salary information. For instance, online applications frequently make the "current salary" field mandatory. You cannot proceed without entering a numeric value. Human resources representatives almost always ask about current salary during the initial...
  • Biden: No Plans to Return Part of Salary

    04/05/2013 8:58:01 PM PDT · by Responsibility2nd · 14 replies
    Newser ^ | 04/05/2013 | By John Johnson
     Sequester politics have taken a weird turn. Joe Biden is now the subject of a spate of negative-sounding headlines because he isn't returning part of his salary in solidarity with federal workers about to be furloughed. (See this headline at CBS News or this one at Reuters.) President Obama has said he will do so—though critics are calling him a cheapskate—as have others, including Chuck Hagel, John Kerry, Janet Napolitano, and Jack Lew. Biden, though, is conspicuously absent. The VP's office says he might change his mind if members of his own staff lose pay, reports Politico. "The vice president...
  • Sequester solidarity: Obama to return five percent of his salary

    04/03/2013 5:44:16 PM PDT · by SeekAndFind · 20 replies
    Hotair ^ | 04/03/2013 | Erika Johnsen
    Gee, neato. President Obama plans to return 5 percent of his salary to the Treasury in solidarity with federal workers who are going to be furloughed as part of the automatic budget cuts known as the sequester, an administration official said Wednesday.The voluntary move would be retroactive to March 1, the official said, and apply through the rest of the fiscal year, which ends in September. The White House came up with the 5 percent figure to approximate the level of spending cuts to nondefense federal agencies that took effect that day. …Word of the president’s decision came a day...
  • Obama to Give 5% of Salary Back

    04/03/2013 4:18:01 PM PDT · by SkyPilot · 38 replies
    The Weekly Standard ^ | 3 Apr 13 | DANIEL HALPER
    The New York Times reports: President Obama plans to return 5 percent of his salary to the Treasury in solidarity with federal workers who are going to be furloughed as part of the budget cutting process known as sequester, an administration official said Wednesday. The voluntary move would be retroactive to March 1 and apply through the rest of the calendar year, the official said. The White House came up with the 5 percent figure to approximate the level of automatic spending cuts to non-defense federal agencies that took effect that day. Politico adds: "The salary for the president, as...
  • Middle Skills, Middle Money?

    02/26/2013 5:22:52 PM PST · by eagleye85 · 13 replies
    Eagleye Blog ^ | February 26, 2013 | Bethany Stotts
    People with an Associates degree may earn less in their lifetime, but they might just be earning more right now. New data shows that an Associates degree may impart the middle skills which are the ticket to the middle class. Nearly 30% of Americans with associates degrees now make more than those with bachelors degrees, according to Georgetown Universitys Center on Education and the Workforce, reports Jon Marcus for CNN Money. In fact, other recent research in several states shows that, on average, community college graduates right out of school make more than graduates of four-year universities. However, Although these...
  • Average Michigan Government Employee Compensation Exceeds Six Figures For The First Time

    02/21/2013 2:36:06 PM PST · by MichCapCon · 2 replies
    Michigan Capitol Confidential ^ | 2/20/2013 | Tom Gantert
    The Michigan Civil Service Commissions website boasts: "Invest your talent with the state of Michigan. The rewards are enormous." In fact, for the first time, the average salary and benefit package for state employees surpassed $100,000 a year in 2011-2012. The average combined cost of salary and benefits for a state worker jumped to $104,067 in 2011-12, increasing from $97,883 in 2010-11. James Hohman, assistant director of fiscal policy with the Mackinac Center for Public Policy, did the analysis using the Michigan Civil Service Commissions certified aggregate payroll. When factoring in inflation, the cost of benefits for a state employee...
  • US Minimum Wage Is Pretty Low Compared To Some Countries

    02/13/2013 11:42:21 AM PST · by SeekAndFind · 35 replies
    Business Insider ^ | 02/13/2013 | Walter Hickey
    President Barack Obama proposed last night that the United States raise the minimum wage to $9.00 per hour. While that may seem like a massive raise for low earners — the current minimum wage is $7.25 per hour — we learned that when accounting for the impact of inflation this would be far from the first time that the United States minimum wage exceeded $9.00 in 2012 dollars. There's an even more comprehensive look at how the United States minimum wage stacks up, and that's by comparing it to other nations. Take a look at how the minimum wage levels in member nations...
  • Government Workers Average Twice As Many Sick Days Per Year As Private-Sector Employees

    01/30/2013 1:03:55 PM PST · by MichCapCon · 15 replies
    Michigan Capitol Confidential ^ | 1/28/2013 | Tom Gantert
    The average state worker in Michigan is taking as many as five times more sick days than a worker in the hospitality and leisure industry or a construction worker and more than twice as many sick days as many other workers in the private sector, according to state and national reports. State workers have called in sick on average between 9.4 to 11 days a year over the past five years, according to the Michigan Civil Service Commission annual workforce report. The report applies only to workers directly employed by the state; not public school teachers or local government workers....
  • The 12 Companies Paying Americans the Least (But you might have to work for them in this economy)

    11/21/2012 9:10:13 AM PST · by SeekAndFind · 30 replies
    Wall Street 24X7 ^ | 11/21/2012 | Trey Thoelcke, Michael Sauter, Alexander E. M. Hess and SamuelWeigley
    The gap between rich and poor is well illustrated by the large multi-billion dollar corporations employing thousands of low-wage workers. With the Great Recession over, not only are many of these companies now hitting record profits, but their executive pay remains spectacularly high. Meanwhile, according to a report released by the National Employment Law Project, the current federal minimum wage the workers are often paid, is worth 30% less than it was in 1968 in terms of purchasing power. Two-thirds of low-wage workers those that are paid less than $10 an hour are employed by large corporations with...
  • The 10 Highest Paying Jobs Of The Future

    09/09/2012 4:08:10 PM PDT · by SeekAndFind · 40 replies
    Wall Street 24x7 ^ | 09/09/2012
    The U.S. unemployment rate peaked at 10% in October 2009 and has since slowly improved, flirting with 8% earlier this month. Despite the downward trend, the rate is still more than double prerecession levels. As the economy continues to recover and more people return to the workforce, many are trying to find the right careerone that is hiring and pays well. Knowing which jobs will be in high demand and pay the most is a good place to start. To serve as a guide, 24/7 Wall St. identified the best paying jobs of the future. These jobs will grow the...
  • Teacher Made Over $80K Per Year, Retires With a Pension of Over $40K Claims 'Violation of Trust'

    05/17/2012 7:06:20 AM PDT · by MichCapCon · 19 replies
    Michigan Capitol Confidential ^ | 5/15/2012 | Tom Gantert
    Does a teacher who made $81,000 before retiring to a $41,400 a-year-pension have a valid complaint that she wasnt paid enough? That was the focus of a recent story in The Bridge, The Center For Michigans news site, in which former Royal Oak teacher Kathy Kapera was featured. The article said that Kapera thought the lucrative retirement benefits teachers receive would make up for the relative lack of financial compensation she would earn as a teacher. The article didnt give Kaperas salary other than stating what she earned in 1976 when she first started as a teacher. The article didnt...
  • Public Schools: Where A Pay Freeze Is a Pay Raise

    04/25/2012 7:30:27 PM PDT · by MichCapCon · 9 replies
    Capitol Confidential ^ | 4/25/2012 | Michael Van Beek
    In a recent newspaper article, the superintendent of the Fowlerville school district said: There are no employees are [sic] getting raises. Every position in the district, from mine on down, has taken concessions. To those not familiar with the public school bureaucracys jargon, this may sound like no employees in that district will get an increase in their salary. Thats not the case. The tip-off comes in the next line: We do have contractual obligations that have step increments that occur at various times. In other words, no employees are getting raises, except the employees who are getting raises. Heres...
  • Uzbekistan Pays Teachers With Chickens (glimpse of future US?)

    04/10/2012 11:40:52 PM PDT · by TigerLikesRooster · 7 replies
    Uzbekistan Pays Teachers With Chickens April 10, 2012 Uzbek doctors and teachers got a shock this month when part of their salaries came in the form of...Serbian chickens. More than 20,000 chicks have already been distributed to public sector workers in the Central Asian country's Vobkent district, in the Bukhara region, and an additional 40,000 will be handed out in the coming months. Public sector workers get 10 chicks each under the initiative, launched after cabinet ministers in February urged regional governments to boost domestic production of poultry, eggs, meat, and vegetables
  • The Distribution of Income for 2010: Households

    02/03/2012 10:41:41 AM PST · by Sopater · 11 replies · 1+ views
    Political Calculations ^ | September 14, 2011
    In 2010, the median household income in the United States was $49,445, which was down from the $49,777 that had been recorded in 2009. Meanwhile, average household income in the U.S. was $67,530 for 2010, which was likewise down from 2009's figure of $67,976. Both figures for 2010, along with the rest of the cumulative distribution of household income in the United States for 2010, are presented in the following chart, which shows the U.S. household income distribution in terms of percentiles:
  • Why federal experts command - and deserve - high salaries

    01/04/2012 6:18:01 AM PST · by Poundstone · 57 replies
    Fedsmith ^ | Dec. 31, 2012 | Howard Risher
    The list of the 1,000 highest-paid federal employees released last month by Wikiorgcharts.com must have raised eyebrows. In a country where the average full-time employee earns less than $40,000, salaries ranging from $216,000 to $350,000 appear very high. However, the 1,000 feds profiled earn less than the $380,000 that would place them in the top 1 percent of the nation's income earners. And within the federal workforce of roughly 2.1 million, the individuals on the list account for an extremely small percentage. Perhaps more important, the list is a reminder that agencies need to compete in a world where top...
  • The $100K-Plus Employees in Michigan's Prison System

    12/20/2011 2:10:02 PM PST · by MichCapCon · 13 replies
    Michigan Capitol Confidential ^ | 12/19/2011 | Tom Gantert
    There were 120 employees in the Michigan Department of Corrections who made more than $100,000 in 2010-2011, according to data obtained by the Mackinac Center for Public Policy through a Freedom of Information Act request. One prison guard made $164,161. A registered nurse made $160,875. That's more than the highest-paid senior administrator, an executive warden who made $140,342. The list of employees didnt include names and took several attempts and four months to get the information from the state. There were 16,807 people on the Department of Corrections payroll. Russ Marlan, spokesman for the Department of Corrections, said since names...
  • Perry drawing state retirement plus salary

    12/17/2011 2:00:04 AM PST · by Cincinatus' Wife · 163 replies
    Star-Telegram ^ | December 15, | Maria Recio
    ..On a campaign swing through Cherokee, Iowa, Perry was asked why the Employee Retirement System should be paying his retirement while he's still collecting a salary. "That's been in place for decades. ... I don't find that to be out of the ordinary," Perry said of the practice. "ERS called me and said, 'Listen, you're eligible to access your retirement now with your military time and your time and service, and I think you would be rather foolish to not access what you've earned.'" ...The governor's gross annual salary is $150,000; his net salary is $133,000. The net monthly annuity...
  • Paterno and PSU [Penn State Paterno salary & football income info]

    11/11/2011 12:44:04 AM PST · by Colofornian · 11 replies
    Eagle Outsider.com ^ | Nov. 10, 2011 | Sea Captain
    Paterno was the highest paid employee at Penn Sate at just over $1 million per year not including endorsements, side deals etc. It took reporters years to get Penn. State to release any salary information on Paterno. Penn State is not a public school, but a "land grant" public supported agricultural school. PSU received about 9% of its annual budget from the State of Penn. The state gave PSU 780,000 acres of land in 1863. PSU Football supposedly made a profit of $50 million in 2010. (top 5 or 6 in the country)
  • Sandusky paid $57,000 a year before being investigated [Penn State scandal]

    11/10/2011 7:36:40 AM PST · by Colofornian · 56 replies · 2+ views
    WPHTTV.com (CBS affiliate in Harrisburg, PA) ^ | Nov. 10, 2011 | Jason Bristol report
    HARRISBURG -- The Second Mile not only cut off Jerry Sandusky from interacting with children in its programs -- it apparently stopped paying him, as well. For years, Sandusky -- who founded the organization for needy children in 1977, was being paid $57,000 a year by The Second Mile, according to exempt-organization tax forms reviewed by CBS 21 News. But Sandusky stopped receiving any compensation from the charity in 2008 -- the same year he told The Second Mile officials he was being investigated for a sexual abuse in Clinton County. "Although he maintained there was no truth to the...
  • Herman Cain Earned $900,000 Last Year, Worth Over $3 Million (Is he among the 1%?)

    10/28/2011 10:58:02 AM PDT · by SeekAndFind · 41 replies
    Ozarks First ^ | 10/28/2011
    (Washington, DC) -- The Republican Presidential hopeful known for his "Nine-Nine-Nine" tax reform plan earned 900-thousand-dollars last year. Cain's personal financial information was released today. It shows he was paid 359-thousand-dollars by the Whirlpool Corporation. Cain also pocketed about 165-thousand bucks from his Atlanta-based radio show. He earned 120-thousand-dollars from Hallmark Cards and about 200-grand from farm equipment company Agco Corporation. Herman Cain also reports having assets valued at over three-million-dollars. Cain's tax plan would create nine-percent personal and corporate tax rates.
  • Inept young applicants have hiring managers struggling to fill jobs

    10/24/2011 8:58:48 AM PDT · by Haiku Guy · 151 replies
    New York Post ^ | 10/24/11 | Virginia Backaitis
    He doesnt think its too much to ask of a job seeker. A resume, a statement of salary expectations and a single written paragraph that answers a question like, What do you believe a good customer service representatives attitude should be? (snip) Stories are legion of inept or half-hearted applicants who submit resumes marred by misspellings, show up at interviews dressed for a beach party, make inappropriate jokes, fail to learn basic details about the job and company in question, and otherwise leave hiring managers aghast. (snip) Who the hell is going to hire these people? asks Heinemeier Hansson. Who...