Posts filed under “Wages & Income”
There is a huge Washington Post special report on Breakaway Wealth in the US. More than most other industrialized nations, the US has seen the top 0.1% compensated in vastly disproportionate numbers versus the rest of the populace. There are at least several reasons to be concerned about this, beyond basic fairness: 1) Nations that…Read More
Some asterisks on this job number, but overall, quite weak, and a continuation of the downtrend for the 4th consecutive month. This was the weakest NFP report in almost a year. A Verizon strike is the key asterisk to this report — that shed 45k employed from the overall picture. Lets breakdown the August data….Read More
Some of the factors that have landed us in the mess we’re in have been building for decades, and there’s ample evidence on which to draw to demonstrate that fact. In looking at a few of these issues, I’ll draw on some charts I’ve presented both here and elsewhere before. A couple are replicated from this outstanding study in…Read More
American’s spending turned negative in June (-0.2%) for the first time since September 2009. Without government largesse (personal transfer receipts) personal income would have declined. Personal income increased $18.7 billion, or 0.1 percent…Personal current transfer receipts increased 9.5 billion, in contrast to a decrease of $1.4 billion. Government largesse is 51% of income growth. The…Read More
The national deficit is too great for entitlement programs like Social Security and Medicare to escape unharmed. That means an impact is looming on many Middle Class Americans who may not be expecting it. WSJ’s Neil Hickey reports.
July 12, 2011
Lets catch up with what Matt Trivisonno is seeing over at his Withholding-Tax data crunching site, The Daily Jobs Update: Federal withholding-tax collections over the last four workweeks came in only slightly above the corresponding period from 2010. Total collections were $126.25 billion versus $125.59 billion – only $659 million more. > > That’s the…Read More