Jesse's Café Américain

"O that I could find in the desert a wayside shelter for travelers, that I might depart from my people. For they are all adulterers, an unfaithful mob of traitors. Their tongues are devious weapons, bent like drawn bows. With falsehoods rather than truth they have gained power. They commit one crime after another. They do not know me, says the Lord. I will make Jerusalem a heap of ruins, the lair of jackals. I will lay waste to Judah, a desolation where no one can live."
Jeremiah 9:2-3,11

Showing posts with label median hourly wage. Show all posts
Showing posts with label median hourly wage. Show all posts
04 January 2013

Wages: The Median and the Mean

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The 'mean' is the average of all wages. The 'median' is the wage in the middle, that is, what is earned by those people i...
27 March 2011

US Employment and Wages, Modern Monetary Theory, Trade, and Financial Reform

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There will be a sustainable recovery in the US when the median wage recovers in relation to inflation and consumer necessities, and the em...
10 September 2010

Soaring Corporate Profits As US Worker Pay for Productivity Hits Record Lows

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Two sets of charts tell the story. The problem is that when workers are pressed to the wall on pay they lose the ability to consume without...
31 December 2008

The Fuel for a Speculative Rally but Not a Recovery

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At some point we may stop confusing asset bubbles with economic growth. In the meantime, we might expect the shallow and immature stewardshi...
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