General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsAmericans are making more money....because they're working longer hours
Many Americans have gone a long time without getting a raise even as their cost of living has gone up.
Thats left most with only one option to keep their heads above water: Work more.
Average annual earnings for people in their prime working years (ages 25 to 54) increased 30.2% after inflation between 1979 and 2016, based on an analysis of data from the Bureau of Labor Statistics by the Economic Policy Institute, a nonprofit think tank that advocates for low-to-moderate income Americans. For the most part, however, that growth isnt a reflection of higher hourly wages instead its an indication that people are working more hours, researchers found.
For the bottom fifth of earners, an increase in wages only accounted for 25% of annual earnings growth, compared with 88% of earnings growth for the top fifth, or richest, earners. Because earnings growth for most Americans is a function of working more, they will face roadblocks when it comes to trying to make more money.
Altogether, prime-age adults worked 7.8% more hours per year in 2016 than they did in 1979. But workers in the bottom fifth in terms of annual earnings upped their hours by 24.3% over that time span, compared with just a 3.6% uptick among top earners. People in the middle-class in terms of wages increased their hours by 9.4%.
https://www.msn.com/en-us/money/markets/the-depressing-reason-most-americans-are-making-more-money/ar-BBJt206?ocid=spartandhp
samplegirl
(11,481 posts)Im at my daughters watching my granddaughter which I dont mind as Im off today. But she worked a double which is mandated. She was at the time clock punching out at midnight last night when they told her nope your mandated. Her husband woke at 4:00 a.m. in a panic because she was not home! He called her workplace next and asked if she was still there and they said yes. He said he felt a sigh of relief as he usually puts their 2 kids to bed then waits on the couch for her till shes home. I asked why no phone call home? Not allowed to have her cell phone on her it must be left in the car.
I think the least they could do is make a recording and alert a family member that their loved one is working over!
Initech
(100,087 posts)And our politicians don't give a shit. And neither do the voters. They just keep watching Fox News, listening to AM hate radio, going to hate churches, buying into the cult and voting against their best interests. At some point I hope we will break this cycle.
samplegirl
(11,481 posts)Cant come soon enough! Save their generation!
a kennedy
(29,680 posts)if they do they might lose their job because theyre taking vacation. With no job security, they feel they have to work through vacations because the next one in line will take their job. Screwed either way......