Long-Term Unemployment (LTUE)
The Long -Term Unemployment Epidemic and the new realities of work are taking a toll on the American psyche and the economy. A new survey released this week from Rutgers University underscores this persistent reality. The large numbers of people who have gotten jobs have taken a hit to their pride and wallet.
| Job Status | August 2014 | January 2013 |
| Step Up | 25% | 24% |
| Step Down | 44% | 48% |
| Job Pay | August 2014 | January 2013 |
| Lower | 46% | 54% |
| Higher | 33% | 24% |
Long-Term Unemployed Profile:
- 53% Are White
- 55% Are Male
- 35% Aged between 45 to 59 years old
- 37% Earned High School Diploma
- 44% Earned less than $30,000
America is by far, the lowest- paying job champing of the world, outdistancing our industrial rivals by miles
Moreover, we talk about economic data and look at the numbers all day long, but we rarely put a face behind all the data and numbers, and put it in context; think of the human toll – it is massive. However, Ralph Nader’s research might make you feel better.
The Real Income Inequality Crisis
Ralph Nader did the math and it is eye-popping… from August 1st to November 12th, Congress will only have worked eight days. This means each member will “earn” $608 an hour. While Speaker Boehner is pulling in $781 an hour. To put this in perspective, an anesthesiologist’s hourly rate is around $90 an hour. This is pathetic for a Congress labeled “do-nothing.” This explains why President Obama just went to war without permission, and how the Continuing Resolution (CR) slipped through without a peep. Ironically, I would be willing to pay these people $600 an hour to never come back.
Jobs and Hourly Wages
| John Boehner | $781.00 |
| Congressmen | $608.00 |
| Anesthesiologists & Physicians and Surgeons | $90.00 |
| Chief Executives | $82.50 |
| Petroleum Engineers | $63.62 |
| Architectural and Engineering Managers | $61.62 |
| Computer and Information Systems Managers | $59.59 |
| Marketing Managers | $59.24 |
| Air Traffic Controllers | $58.31 |
| Pharmacists | $57.35 |
| Podiatrists | $56.83 |
| Judges, Magistrate Judges, and Magistrates | $56.80 |
| Nurse Anesthetists | $72.64 |
| Dentists, General | $70.36 |
| Petroleum Engineers | $63.62 |
Buckle up boys and girls…
Join the conversation as a VIP Member