Wall Street bonuses up 17%
Number of millionaires up 16%
The top 6 banks alone paid out approximately $143 BILLION in executive bonuses and compensation last year.
The 2011 budget gap for every state combined is about $130 B
Lowe's average worker pay = $11/hr
CEO Robert Niblock = $2,295/hr; 200 times more
McDonald's average worker pay = $8.11/hr
CEO James Skinner = $2,359/hr; 290 times more
FedEx average worker pay = $11/hr
CEO Fred Smith = $5,740/hr; 521 times more
Bank of America average teller pay = $10.38/hr
CEO Kenneth Lewis = $16,200/hr; 1,590 times more
AMERICAN WORKERS:
1 in 6 has no job
Real wages haven't increased in 20 years
Every 20 seconds another files for bankruptcy
2009: Productivity up 9%; Wages down 4.5%
Hello!
ReplyDeleteYour statistic of why and how the middle class is being screwed in this country is right on target. The only chance this country has at seeing the middle class rebound is with those born in the 1970s or later. It’s there country and they need to get it back. They have to register to vote, join a union, and become political activist in their own community. It’s the only way to try to preserve what’s left of the middle class for our future children and grandchildren. We have to leave them something. We need to get out of this freaking hole that exist in Washington or Harrisburg.
ReplyDeleteInfrastructure is the only true answers to this entire ordeal. Good paying jobs in the construction field will lead to a gigantic spin-off of other good paying jobs. We need Congress to pass a major jobs bill that is exclusively for our highways, bridges, tunnels, waterways, sewers, and so on. We needed this work done yesterday.
Our elected leader can not expect the middle class to carry the financial load of this country. The freaking super rich have to pay taxes and the corporation have to get there fat asses off of corporate welfare. Bastards!
Unemployment report for April, we get this news from Fortune: Profits of the 500 largest U.S. corporations soar by 81 percent ($318 billion), the third largest percentage gain in list history…Wal-Mart holds the number one spot for the second year in a row…Exxon Mobil leads profits with $30 billion, for the eighth year in row.
ReplyDeleteRank Company Revenues
($ millions) Profits
($ millions)
1 Wal-Mart Stores 421,849.0 16,389.0
2 Exxon Mobil 354,674.0 30,460.0
3 Chevron 196,337.0 19,024.0
4 ConocoPhillips 184,966.0 11,358.0
5 Fannie Mae 153,825.0 -14,014.0
6 General Electric 151,628.0 11,644.0
7 Berkshire Hathaway 136,185.0 12,967.0
8 General Motors 135,592.0 6,172.0
9 Bank of America Corp. 134,194.0 -2,238.0
10 Ford Motor 128,954.0 6,561.0
11 Hewlett-Packard 126,033.0 8,761.
Students graduating from college this spring will face the worst job market for graduates since the Great Depression, a new report says. “The Class of 2011: Young Workers Face a Dire Labor Market Without a Safety Net,” by the Economic Policy Institute (EPI), found that unemployment among workers between the ages of 16 and 24 is more than double the national average. In 2010, young workers averaged 18.4 percent unemployment, compared with 9.6 percent overall.
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