Jesse's Café Américain

"It is rather for us to be here dedicated to the great task remaining before us — that from these honored dead we take increased devotion to that cause for which they gave the last full measure of devotion — that we here highly resolve that these dead shall not have died in vain, that this nation under God shall have a new birth of freedom, and that government of the people, by the people, for the people shall not perish from the earth.” Abraham Lincoln, November 19, 1863

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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