Obama administration releases new jobs/pay data: Fewer jobs at less pay except for millionaires

[Better Believe It]

First look at US pay data, it’s awful
By David Cay Johnston
October 24, 2011

Anyone who wants to understand the enduring nature of Occupy Wall Street and similar protests across the country need only look at the first official data on 2010 paychecks, which the U.S. government posted on the Internet on Wednesday.

These are important and powerful figures. Maybe the reason the government does not announce their release — and so far I am the only journalist who writes about them each year — is the data show how the United States smolders while Washington fiddles.

There were fewer jobs and they paid less last year, except at the very top where, the number of people making more than $1 million increased by 20 percent over 2009.

The data show why protests like Occupy Wall Street have so quickly gained momentum around the country, as people who cannot find work try to focus the federal government on creating jobs and dealing with the banking sector that many demonstrators blame for the lack of jobs.





Read the full article at:

http://blogs.reuters.com/david-cay-johnston/2011/10/19/first-look-at-us-pay-data-its-awful/

[Octafish]

1. I mean, really. It's only fair. Look how many millions of us there are and how few billionaires.

Can't expect them to actually have to pay for anything they can steal.

Be logical.

[Better Believe It]

2. Good points. Why aren't most ordinary working people thinking that way?

It makes such good sense!

[SidDithers]

3. Unrec...

Keep trying.

Sid