Alex Kudera’s award-winning novel, Fight for Your Long Day (Atticus Books), was drafted in a walk-in closet during a summer in Seoul, South Korea. Auggie’s Revenge (Beating Windward Press) is his second novel. His numerous short stories include “Frade Killed Ellen” (Dutch Kills Press), “Bombing from Above” (Heavy Feather Review), and “A Thanksgiving” (Eclectica Magazine).
Showing posts with label median wage. Show all posts
Showing posts with label median wage. Show all posts
Saturday, October 24, 2015
Wednesday, November 6, 2013
the middle wages
New statistics are out for 2012 that show the median American worker earns about $27,500 in net compensation as reported on W-2 forms. I assume this is the middle person of working age who, in fact, works. That is, this is the middle person of our roughly 153 million workers and not the median wage of all Americans of working age.
So, as best I understand it, these figures do not include people whose work is not construed as work. Those who aren't counted would include stay-at-home spouses; graduate students with teaching and research assistantships; everyone who lives off income from social security, stock dividends, or bank interest; and so on.
An interesting statistic is that 40 percent of all workers earn less than $20,000, and you don't have to live in New York City or pay a student loan or heating bill to know that living on less than twenty grand a year, before taxes and other deductions, is challenging. When adjusted for inflation, the median worker's income is down $4 from 2011 and at its lowest since 1998.
So, as best I understand it, these figures do not include people whose work is not construed as work. Those who aren't counted would include stay-at-home spouses; graduate students with teaching and research assistantships; everyone who lives off income from social security, stock dividends, or bank interest; and so on.
An interesting statistic is that 40 percent of all workers earn less than $20,000, and you don't have to live in New York City or pay a student loan or heating bill to know that living on less than twenty grand a year, before taxes and other deductions, is challenging. When adjusted for inflation, the median worker's income is down $4 from 2011 and at its lowest since 1998.
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