Recent employment and economic facts from Rolling Stone magazine are eye-opening: 1. New income generated since 2009 that has gone to the top 1 percent: 95 percent 2. Financial wealth controlled by the bottom 60 percent of all Americans: 2.3 percent 3. Record combined wealth of the top 400 richest Americans: $2,000,000,000,000 4. Real decline in median middle-class incomes since 1999: $5,000 5. Federal minimum wage: $7.25 6. What the minimum wage would be if it had kept pace with gains in worker productivity since 1968: $21.72 7. Number of U.S. workers laboring at or below minimum wage: 3.6 million—the near equivalent of the population of Los Angeles. 8. Stealth taxpayer subsidy to the fast-food industry, paid out as safety-net benefits to McWorkers earning poverty wages: $7 billion 9. Official unemployment rate: 6.7 percent 10. Alternate rate including Americans whove given up looking for work, or have only been able to secure part-time employment: 13.1 percent 11. Number of jobs the United States is still down from 2008 employment peak: 1.69 million 12. Number of Americans who were cut off from long-term unemployment benefits at the turn of the year: 1.3 million
Posted on: Mon, 03 Feb 2014 17:37:40 +0000
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