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US Social Security Admin: More Than Half Of Wage Earners Make $30,000 or Less!


The Govt is broke, the citizens are breaking and the debt keeps rising:

http://www.ssa.gov/cgi-bin/netcomp.cgi?year=2011

Around 100,000 Americans make 1,000,000.00+ every year. (or 0.033% of total US population)

The “raw” average wage, computed as net compensation divided by the number of wage earners, is $6,238,607,249,941.26 divided by 151,380,749, or $41,211.36. Based on data in the table below, about 66.6 percent of wage earners had net compensation less than or equal to the $41,211.36 raw average wage. By definition, 50 percent of wage earners had net compensation less than or equal to the median wage, which is estimated to be $26,965.43 for 2011.

Read it here;

http://www.ssa.gov/cgi-bin/netcomp.cgi?year=2011

 

“More than half of America’s recent college graduates are either unemployed or working in a job that doesn’t require a bachelor’s degree, the Associated Press reported this weekend. The story would seem to be more evidence that, regardless of your education, the wake of the Great Recession has been a terrible time to be young and hunting for work.

But are we really becoming another Greece or Spain, a wasteland of opportunity for anybody under the age of 25? Not quite. What the new statistics really tell us about is the changing nature, and value, of higher education.

First, here’s the nut of the AP’s findings, which it derived with the help of researchers from Northeastern University, Drexel University, and the Economic Policy Institute, based on data from the Census Bureau’s Current Population Survey and the U.S. Department of Labor:

About 1.5 million, or 53.6 percent, of bachelor’s degree-holders under the age of 25 last year were jobless or underemployed, the highest share in at least 11 years. In 2000, the share was at a low of 41 percent, before the dot-com bust erased job gains for college graduates in the telecommunications and IT fields.

Out of the 1.5 million who languished in the job market, about half were underemployed, an increase from the previous year.”

http://www.theatlantic.com/business/archive/2012/04/53-of-recent-college-grads-are-jobless-or-underemployed-how/256237/

 

Now couple that with the cost of a college education for four years alone. A lot of students don’t graduate in four years by the way…
http://nces.ed.gov/fastfacts/display.asp?id=76
“Question:
What are the trends in the cost of college education?

Response:
For the 2010–11 academic year, annual current dollar prices for undergraduate tuition, room, and board were estimated to be $13,600 at public institutions, $36,300 at private not-for-profit institutions, and $23,500 at private for-profit institutions. Between 2000–01 and 2010–11, prices for undergraduate tuition, room, and board at public institutions rose 42 percent, and prices at private not-for-profit institutions rose 31 percent, after adjustment for inflation. The inflation-adjusted price for undergraduate tuition, room, and board at private for-profit institutions was 5 percent higher in 2010–11 than in 2000–01.
SOURCE:U.S. Department of Education, National Center for Education Statistics. (2012). Digest of Education Statistics, 2011 (NCES 2012-001), Chapter 3 . ”

So the cheapest tuition and room and board would cost you $54,400. Then you’d have a 50/50 shot of a job coming out. Many are underemployed. That usually means they’re working part-time in a bar or restaurant making minimum wage and hoping for tips.

It’s a national scandal.

http://nces.ed.gov/fastfacts/display.asp?id=76

“8.5 Million Americans Left Labor Force In Obama’s First Term”

 http://newsbusters.org/blogs/noel-sheppard/2013/02/01/85-million-americans-left-labor-force-obamas-first-term#ixzz2Jehi6Wet

“Number of Americans on Food Stamps Hit Another Record High
It doesn’t look like President Obama will be able to shed his reputation as the food stamp president any time soon. According to new data from the USDA, the number of people on food stamps has hit another all time high of 47,710,324 which is up by 600,000 from August. To be fair, this number is a bit distorted due to disaster relief from Hurricane Sandy.”

$30,000 sounds like a tons of money now, doesn’t it?

Wait until they pay for Obamacare.

http://townhall.com/tipsheet/katiepavlich/2012/12/10/number_of_americans_on_food_stamps_hit_another_record_high

“There are now 1,020,000 millionaires in China–a national record–and 63,500 “super-rich” Chinese.

To be classified as a millionaire, the report stated the individual must possess more than RMB 10-million, or US$1.6-million, while a “super-rich” individual required RMB 100-million (US$16-million) or more.”

http://business.financialpost.com/2012/08/01/meet-the-average-chinese-millionaire-39-plays-golf-and-owns-an-ipad/

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  • http://profile.yahoo.com/PQ3ZWRZUATPUQBEY6MJAJWSSEQ Thomas Jefferson

    THE MILITARY IS SUCKING america dry,bring them all home NOW,stop building a secret military,government does not produce nothing,IT uses resourses,IT CREATS NOTHING,shut down government or starve to death when they have spent every dime you have ,build the country NOT GOVERNMENT,BORROWING MONEY FOR WARS IS INSANE,the GOVERNMENT must operate with what amount of money they are given,not ever be allowed to borrow money,the government belongs to YOU not the bankers,not WALL STREET,not THE MILITARY,and dam sure NOT, THE QUEEN OF ENGLAND,WHO is running america now,YOUR POLICE GANG are keeping these guys in POWER,so fire them first,then go after the criminal running YOUR GOVERNMENT……………..

    • http://www.facebook.com/mykel.scott.77 Mykel Scott

      Right, military spending keeps about 3 sad sacks employed for every active duty member , maybe even more . Say goodbye to around 15 million jobs if you start hacking on the military. Or the 17 million goverment employees . Plus we keep oil cheap , so chubbos like you can drive to wally mart in your tardo mobile for 3 dollars a gallon. Go ahead and hack away it should be wildly entertainig too watch scrubs like you fight too the death with random monkeys over the last bags of stale doritios . )

      • http://www.facebook.com/people/Kit-Holz/100003349137699 Kit Holz

        That is not true! That is a myth of American military creating jobs. Most of the military hardware is not even produced in the US, it is just assembled with foreign parts. Of course if you want a job as a killer or work for a foreign contractor for 14 USD an hour.

        If you think the military is so great why don’t you pay yourself while do service in Wall Streets army?

      • mick

        are you recommending invading some country to help job numbers ?

        • http://www.facebook.com/mykel.scott.77 Mykel Scott

          American as apple pie , killing others and take their sht, followed closely by watching people who make a killing , get shtt on. )

  • http://www.facebook.com/people/Kit-Holz/100003349137699 Kit Holz

    Living the American dream? That is why 8 million better educated Americans work abroad! Recently I saw the disgusting example of Americans in Tennessee working in foreign military contractors shipyards for 14 USD an hour!!!

    Wake up people! Fight the Jewish run economic scam of Wall Street – moreover don’t fight for the profit of Wall Street Jews by signing up for military service.

    • mick

      The “American dream” requires you to be asleep.

  • fuqdisqus

    The rich are getting richer.

  • fuqdisqus

    No need to bring the army home. They can fight their way home or take over some foreign country. Then nuke them.

  • Dave_Mowers

    In a nation whose elected leaders have been granted the power to coin and issue currency….yet we can only manage to do that in support of the aristocracy and Wall Street.

    “The only real crime is poverty.” -Marcus Aurelius

  • Marcy Dare

    And health care will cost a min. $20.000. hmmmm.
    somebody get a rope.

  • Kelly Thomas

    And Obamacare will cost a family of five $20K.