50% Of American Workers Make Less Than $28,031 A Year.

[Charles]

Charles how dare you suggest that the "hard working American" is anything other than that, "hard working".
You surely don't believe the popular myth of the American worker as a McDonalds, eating beer guzzling indolent driving his gas guzzling SUV to pick the kids up from school is anything other than a myth.
Tell me it isn't so Charlie.

I am quite sure the average American is hard working. Thing is Peter, not all of them can have high salaries. There has to be a huge number of worker bees at the bottom of the pyramid in order to support the wealthy minority at the top.
The performance of low skilled, repetitive or manual labour activities is only ever worth what someone is prepared to accept for it. Not too hard to see 50% of the working population supporting the US deficit on very low incomes.

[peterplonker]

Sure I agree, I worked in the US for a time and the average joe had ordinary life, but those further up had a cushy life, weren't worth any where near the money they were paid.

[socal]

Has anyone sonsidered the possibility that it represents the amount that their contribution is actually worth?

Yeah

But that goes to show how unproductive the US economy is. This number used to be higher, when the US wasn't a socialist based hell hole.

[Panama Hat]

Yeah

But that goes to show how unproductive the US economy is. This number used to be higher, when the US wasn't a socialist based hell hole.

A socialist hell-hole . . . I'd love to hear your argument for that . . . or will you just ape Texpat again?

[Ronin]

Sure I agree, I worked in the US for a time and the average joe had ordinary life, but those further up had a cushy life, weren't worth any where near the money they were paid.

This would seem the 'standard' across the globe - the 'American standard', pity Britain is geograhically so near we are the first to inherit America's nastiness. Currently executives here 'earn' on average 175 times the wages of the average worker.

http://www.bbc.co.uk/news/uk-politics-29103503

[Albert Shagnasty]

Where you surprised ? That's pretty low. The US is in a depression yet the propaganda has convinced them that they are in a "recovery"

From Zerohedge

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 working multiple jobs in a desperate attempt to make ends meet. Our paychecks are stagnant while the cost of living just continues to soar. And the jobs that are being added to the economy pay a lot less than the jobs lost in the last recession. In fact, it has been estimated that the jobs that have been created since the last recession pay an average of 23 percent less than the jobs that were lost. We are witnessing the slow-motion destruction of the middle class, and very few of our leaders seem to care.

The "average" yearly wage in America last year was just $43,041. But after accounting for inflation, that was actually worse than the year before...And please keep in mind that "average pay" is really skewed by the millionaires and billionaires at the top end of the spectrum.
Median pay in 2013 was just $28,031.02. That means that 50 percent of American workers made less than that number, and 50 percent of American workers made more than that number.
Here are some more numbers from the report that the Social Security Administration just released...

-39 percent of American workers made less than $20,000 last year.

-52 percent of American workers made less than $30,000 last year.

-63 percent of American workers made less than $40,000 last year.

-72 percent of American workers made less than $50,000 last year.

I don't know about you, but those numbers are deeply troubling to me.
It has been estimated that it takes approximately $50,000 a year to support a middle class lifestyle for a family of four, and so the fact that 72 percent of all workers make less than that amount shows how difficult it is for families that try to get by with just a single breadwinner.
The way that our economy is structured now, both parents usually have to work as hard as they can just to pay the bills.
But there was one group of Americans that did see their incomes actually increase last year.
Those making over 50 million dollars had their pay increase by an average of $12.8 million in 2013.
For everyone else, the news was not good.
And of course this is a trend that has been going on for a long time.
Posted below is a chart that comes from the Federal Reserve. It shows how real median household income in the United States has declined since the year 2000...




Meanwhile, the cost of living has continued to rise at a steady pace.
Needless to say, this is putting a tremendous squeeze on the middle class. With each passing day, more Americans are losing their spots in the middle class and this has pushed government dependence to an all-time high. According to the U.S. Census Bureau, 49 percent of all Americans now live in a home that receives money from the government each month. This is completely and totally unsustainable, but our long-term economic problems just keep getting worse.
Our politicians have stood by as millions upon millions of good paying jobs have been shipped out of the country. Millions of other middle class jobs have been lost to technology. This has resulted in intense competition for the middle class jobs that remain.
And at this point we are even losing lots of lower paying retail jobs. For example, it is being reported that Sears plans to close 110 more stores and lay off more than 6,000 workers. Sears says that the report "isn't accurate", but it isn't denying that stores will be closed either...

In an email to USA Today, Sears spokesman Howard Riefs said the store count and closures "isn't accurate,'' but did not provide store closures or layoff numbers.

"As we stated in our (second quarter earnings report), we disclosed that we would be closing unprofitable stores as leases expire and in some cases will accelerate closings when it is economically prudent. And that we would consider closing additional stores during the remainder of the year,'' Riefs said. "Make no mistake, we believe the store will continue to play an integral role in our transformation, however, if a store is not generating a profit, it is straightforward that the store should be considered for closure."

No matter how many stores Sears does end up closing over the next few months, the truth is that our economy is a complete and total mess at this point.
Our politicians and the mainstream media are trying to put a happy face on everything, but the cold, hard numbers prove that we are not anywhere close to where we were prior to the last recession.
Because it is so difficult to find a good job in America today, I often recommend to people that they should consider starting their own businesses.
But thanks to the bureaucratic control freaks in the Obama administration and in our state governments, small business ownership in America today is at an all-time low. It is almost as if they don't want the "little guy" to win. Every avenue of prosperity for the middle class is under assault, and there does not appear to be much hope that this will change any time soon.
And the truly frightening thing is that this is about as good as things are going to get for the middle class. We are rapidly approaching the next major wave of our long-term economic decline, but that is a topic for a future article.

20k a year?

How times have changed.

A part time teacher in BKK earns the same - yet it's 10 x cheaper here for most things.

UK does the same massaging of figures.

0 hour contracts and no security.

US and UK are going down the crapper for the working man. Rich fvcks are alright though

[socal]

20k a year?

How times have changed.

A part time teacher in BKK earns the same - yet it's 10 x cheaper here for most things.

UK does the same massaging of figures.

0 hour contracts and no security.

US and UK are going down the crapper for the working man. Rich fvcks are alright though

Yep its crazy.

The rich fvcks are ok for now. But they are doing their best to recreate the conditions that ushered in a world depression. Like in 1929 when the US went for a fvck and Germany had hyperinflation. Rich fvcks lost a lot of money back then. There was super rich families that never recovered from it.

[MrBlobby]

^ Might get a few jumpers then .

[peterplonker]

.

The rich fvcks are ok for now. .

listen to Prof socal, you know he makes sense, well a word or two most his fevered brain farts does, the rest is pure baloney.

[socal]

listen to Prof socal, you know he makes sense, well a word or two most his fevered brain farts does, the rest is pure baloney.

Umm its a fact that the last time the world seen this kind of gap and this kind of central bank expansion, the rich eventually lost a lot.

[socal]

[serrollt]

^ so, which year was that, and do you wish to make a point or argument?

[Charles]

Maserati is a specialist producer of luxury sporting and GT cars. Last year they sold 15,400 cars worldwide.

General motors sold 9.7 million vehicles in the same period.

In the second quarter of 2007, Maserati made profit for the first time in 17 years under Fiat ownership.

[socal]

^ so, which year was that, and do you wish to make a point or argument?

last quarter i think

[Charles]

I don't suppose Maserati employ many minimum wage merkins.