Posts filed under “Wages & Income”

Census: Household Income & Changes

A pair of fascinating NYT/Census/Google map mash ups from the NYT  this morning. Using US Census  data, they look at a variety of data points: Race & Ethnicity, Income, Housing and Families, Education.

Click the link, then select View More Maps, choose topic:

click for full interactive versions


Median Household Income

Change in Median Household Income


Here is the amazing full project of The New York Times with United States census :

Category: Data Analysis, Wages & Income

Tight Employers: Frugal or Counter-Productive?

Have a quick look at yesterday’s post: Wedbush: Cheap as a Fox. There was a robust discussion in comments — and the general take that resonated with me was summed up thusly: Being judicious about expenses is one thing, but being ultra cheap can be counter-productive and myopic when you figure in the opportunity costs….Read More

Category: Analysts, Corporate Management, Wages & Income

Will the “Thundering Herd” Thunder Out the Door?

Back in October, a friend at Merrill told me about an arbitration award that could rock Bank of America. It was circulating via email from desk to desk, and was causing some consternation amongst the troops. It seemed that two former Merrill Lynch brokers had bolted for Morgan Stanley after the Bank of America acquisition…Read More

Category: Legal, Wages & Income

Big Money on Wall Street

Want to pull down the big bucks? Floyd Norris advises you to get a job on the street of dreams: “Wall Street incomes are surging back. The government reported this week that the real wage and salary income of finance industry employees based in Manhattan rose nearly 20 percent in the first quarter of this…Read More

Category: Wages & Income

The U.S. Economy’s Lost Decade

We interrupt the George Bush reputation rehabilitation tour for this brief reminder: “For most of the past 70 years, the U.S. economy has grown at a steady clip, generating perpetually higher incomes and wealth for American households. But since 2000, the story is starkly different. The past decade was the worst for the U.S. economy…Read More

Category: Employment, Really, really bad calls, Wages & Income

Household Net Worth (as % of Disposable Income)

Interesting chart that Macro Market Musings calls “The Revenge of the Balance Sheets.” Each of our double peak in assets — dot com stocks and housing — sent the ratio to unsustainable levels and back again. You may recall at each of these peaks, some idiot was invariably trotted out to discuss how the debt…Read More

Category: Consumer Spending, Credit, Real Estate, Wages & Income

Analyzing 2008 Tax Returns

Floyd Norris digs up the dirt on US income, via the SOI Tax Stats of the IRS: – In 2008, Americans reported $8.4 trillion in total income, down 4.6% 2007. – Inflation adjusted, that is down 8.4% — the sharpest decline in total income since 1990. – Biggest source of decline: Falls in Investment Income…Read More

Category: Data Analysis, Wages & Income

The Old Pay System of Wall Street

> Last weekend, we discussed issues of Wall Street compensation and liability in placing a natural limit to excessive risk-taking: Delay Pay? Try Partnership Liability. This week, Floyd Norris received an email from a retired investment banker regarding what Wall Street compensation used to look like, and why that curtailed excessive behavior, and private gains,…Read More

Category: Bailouts, Legal, Regulation, Wages & Income

Delay Pay? Try Partnership Liability.

In the Sunday NYT, Yale Professor Robert Shiller discusses one of the recommendations of the Squam Lake Report — holding back some executive compensation to align their risk with taxpayers (Help Prevent a Sequel. Delay Some Pay.) Here is their recommendation: “The Squam Lake group recommends that companies be encouraged to withhold a good part…Read More

Category: Bailout Nation, Bailouts, Corporate Management, Regulation, Wages & Income

Positive Sign: Worker Mobility

One of the data points that has been getting some attention is the total withholding tax receipts, as reported by the IRS. According to the table below, it is down year over year. Some are interpreting this to contradict BLS, and likely means that the improving jobs data are bogus. Bill King specifically noted that…Read More

Category: Economy, Employment, Wages & Income