Contents
@@Age, Modern
z55\clip\2002\04\modage.txt
29 Apr 2002 It's the End of the Modern Age By JOHN LUKACS
Chronice of Higher Education, 2.4.26 What were its main features?
First of all, it was the European Age. Until about 500 years ago, the
main theater of history was the Mediterranean, and the principal
actors were the people along or near its shores, with few important
exceptions.
@@Age, Income
Data: conference board from
Business Week March 10, 1986 p. 68
Spending power increases with age
Age Discretionary income
under 35 2,628
35-50 2,904
US Average 3,444
55-60 3,685
60-65 4,571
65 over 5,219
@@Agriculture
Once, the US was a nation of farmers, now it's less than 2% of
workers or GNP.
AGRICULTURE ONLY 1.6% OF WA GNP IN 1997
"Agriculture's share of the gross state product fell from more than
2.4 percent in 1977 to 1.6 percent in 1997" Rural vs. urban: sign of
the times? Seattle Times Oct 5, 2000
ONLY 2% OF WORKERS NEEDED TO FEED THE US \CLIP\97\09\JOBGROW.TXT May
6, 1996 Copyright Forbes Inc. 1996 © Issue Date May 6, 1996
http://www.forbes.com/forbes/050696/brimelow.htm What happened to all
those blacksmiths? By Peter Brimelow The most striking
technology-driven change since 1900: the implosion of agriculture. In
1900 it took 35 of every 100 American workers to feed the country.
Today it takes fewer than 2--and we eat better than ever. (Or at
least more.)
@@ALLOWANCE
An Allowance Isn't a Universal Right
Wall Street Journal Aug 7, 2002 Wendy Pollack
9% Under six $6.42
52% 6-12 $6.18
39% 13-17 $15.07
Income
<$35,000 $5.53
$35,000-$74,999 $11.09
$75,000+ $10.82
75% doing chores
29% grades
18% earned somehow
18% nothing
Harris Interactive Poll May-June 2002
Making allowances Seattle Times June 4, 2000 Stephanie Dunnewind Some
make $400 / mo. Rand Youth Poll interviews 1999 13-15 averaged $32
per week, $30 in earnings. $40 a week for allowance 16-19. Teen's
diary - $111.68 including eating out for food.
Wall Street Journal Feb 4, 1997
Allowance Money
Current Dollars
1968 $2.8 billion *
1995 $20.2 billion *******
Allowance, gifts 4-12
Sourc: James U. McNeal Texas A&M University
Kids $50 allowance has experts divided over division Ray Rivera
Seattle Times June 4, 2000 Ohio State University researchers
calculated $50 per week in allowance. Using same data, U Wash Sabrina
Pabilona found teens $8.24 per week
@@Athletes
z41\clipim\2000\05\10\ibd.efx Economist Rosen On Why Athletes Are
Rich May 9, 2000 Investor's Business Daily Ira Carnahan. Athletes get
a little bit of money from lots of people. Society spends a lot more
money on education and teachers but they don't have the scale.
@@Automobile
AUTO INDUSTRY FENERATES 1 IN 10 JOBS
Auto Industry is job 1, out of 10. Center for Automotive resaerch
says manuf and sales 6.6m jobs, service and highway maintenance 6.7m,
more than any other industry.
Seatimes 9/28/03
LARGEST CAR MAKERS ARE FORD, GM BASED IN USA!
Biggest Car Makers 1997
Source AECA
Production in million units
General Motors US 8.1 ********
Ford US 6.6 *******
Toyota Japan 4.7 *****
Volkswagen Germ 4.3 ****
DaimChrysler G/U 3.8 ****
Fiat Italy 2.9 ***
Nissan Japan 2.8 ***
Honda Japan 2.3 **
Seattle Times Jan 28, 1999 p. D1
%%Retail
Automobile sales account for approximately 24 percent of total U.S.
retail sales tracked by the Commerce Department. Automakers rev up
incentive deals By John Porretto The Associated Press Seattle Times
4/2/03
%%Salesman
Men Behaving Badly
New York Times Magazine, 2.10.13
By MARGARET TALBOT
Philip Reed, a writer who last year posted a diary on the Internet
about his stint as a car salesman, described a seminar in which he was
taught how to shake hands 'You work 12-hour days, and there's a lot of
waiting around for customers. At the same time, there's big money to
be made and a lot of pressure to make a deal, and when you're the one
selling cars, you feel you can do no wrong.''
z55\clip\2002\03\carsale.txt
http://interactive.wsj.com/articles/SB1011662850355903120.htm
THE WALL STREET JOURNAL
FAST LANE: Car sales boost employment at auto dealerships.
Bureau of
Labor Statistics counted a seasonally adjusted 1.1 million workers at
new- and used-car dealerships in December, up 1.6% from December
2000
@@Blind
z47\clipim\2001\01\02\blind\blind.htm December 26, 2000 Blind Workers
Face Discrimination In the Newly Tight Labor Market By JEFFREY A.
TANNENBAUM Staff Reporter of THE WALL STREET JOURNAL says he'll earn
about $13,000 this year from tarot readings, The nonprofit American
Foundation for the Blind says the jobless rate is 58% for the legally
blind of prime working age (18 to 54). Of the employed blind, 35%
feel underemployed. Unless they are over age 65, blind persons can
lose their federal disability benefits if they earn more than $14,000
a year. Mr. Griffith says he receives $984 a month in benefits plus
Medicare health coverage. [he'd need $25,000 to break even]
@@Call Center
Call-center jobs continue to be shifted to English-speaking countries
overseas, including India. Most analyses put the cost of a US call
center worker at $15,000 to $34,000, compared to $7,000 overseas.
Some predict that India will eventually become the "back office" of
the US. MIGRATION NEWS Vol. 9, No. 6, June, 2002
z56\clip\2002\05\mig0602.txt
@@Capitalism
%%Failure
YOU MUST HAVE GOVT ENFORCEMENT OF PROPERTY TO HAVE CAPITALISM
z48\clip\2001\02\capfail.txt By Hernando de Soto Los Angeles Times
syndicate. WHY CAPITALISM WINS IN WEST, BUT FAILS ELSEWHERE Hernando
de Soto, the Peruvian economist, is author most recently of ``The
Mystery of Capital: Why Capitalism Triumphs in the West and Fails
Everywhere Else.'' (Basic Books, New York 2000. "For a very simple
reason: to be useful in an expanded market, capital must first be
represented according to law in a property document where it can then
be assigned a status that allows it to produce additional value. What
most people possess outside the West is not represented (or
``paperized'') in such a way as to produce capital. "
@@CEO
z56\clip\2002\07\eastcap.txt
"Greed Isn't Good"
Gregg Easterbrook, TNR Online
July 1, 2002
The top ten CEOs in earnings for 2000 averaged $154 million, versus a
top ten average of $3.5 million in 1980--a 20-fold increase, adjusting
for inflation.
The corporate world is now embroiled in two controversies. There's the
fraud at Enron, WorldCom, Arthur Andersen, and elsewhere; and there's
the payment of absurd sums to CEOs.
@@Christmas
Expected spending on holiday gifts 1998
Male $961
Female $748
Deloitte & Touche consumer survey
@@competitive
The United States is usually #1 or not far from #1 on most rankings.
Japan and Germany aren't even close. Forget Russia.
Investor's Business Daily April 29, 2000
z41\clipim\2000\04\28\ibd2.efx
Global survey of business executives, economists and government
officials shows US still #1 as most competitive nation in 2000
US 100 Singapore 78 Finland 76 Netherlands 72
Germany #8
Japan #17
National Institute for Management Development
\priv\96\19\compete.txt US slips to 4th place in 1996 ranking by
Geneva-based World Economic Forum
\priv\96\12\homeweal.txt US is the most competitive nation in the
world in 1995 Singapore #2 Hong Kong is #3 japan is #4 Swiss #5 6
Germany 7 Netherlands 8 New Zealand 9 Denmakr 10 Norway
3/19/96 economy.compete \priv\96\04\compet.txt US Tops In
Competitiveness LAUSANNE, Switzerland (AP) -- World business leaders
rate the U.S. as the most competitive nation, followed by Singapore
and Japan, according to a global survey released Monday. Germany 4, S.
Korea 5
d:\doc\94\18\priv\usbest.txt - US has most competitive economy in the
world over Germ and Japan
@@CPI
@@Consumer Price Index
see inflation
@@Contract workers
MICROSOFT USING CONTRACT WORKERS EXTENSIVELY IN 1997
\clip\97\11\contract.txt
http://www.seattletimes.com/extra/browse/html97/tips_042197. html
Copyright © 1997 The Seattle Times Company Monday, April 21, 1997
Temptations of temping: Contracting is becoming a new way of work
life, especially at firms such as Microsoft
@@copyright
"Software Theft Extends Well Beyond China" Wall Street Journal May 20,
1996 p. 1
Losses to Piracy
Country Loss($M) Rate
China $527 98%
France 771 57
Germany 1,900 50
Japan 2,000 67
S. Korea 546 78
U.S. 2,900 35
Source: Business Software Alliance, 1994 survey
@@Cost Of Living
%%Telephone
Long Distance is Dying Fortune March 2, 1998
Cost of 3 min call to London from New York
1930 234.74
1940 196.08
1950 65.08
1960 52.98
1970 32.33
1980 7.61
1990 4.43
1995 2.48 est
1998 2.25 est
American industrial output weighs the same as it did 100 years ago.
The real GDP is 20 times higher for the same weight. David R.
author Henderson drheand@mbay.ref
%%decrease
"The Low Cost of Living", Wall Street Journal April 9, 1998 ed. W.
Michael Cox \clip\98\07\lowcost.tif Inflation? Everything we own and
use costs less in terms of hours worked than before in real dollars.
The rich fund development of new items util prices go down for the
"rest of us".
@@cuba
\clip\97\09\cubaecon.txt purposes. Wroe, Ann, A crash course in
economics., Economist, 1 Jan 1996.
@@debt
economics.debt
Debt is not such a bad thing, you buy cars on credit, and use
mortgages to buy houses.
\doc\97\02\debtgnp.txt
Federal Debt as % of the GNP
1946 110 ***********
1950 80 ********
1960 40 ****
1970 30 ***
1980 30 ***
1990 42 ****
1996 50 *****
Congressional Budget Office
Wall Street Journal Feb 4, 1997 F020497-2
Article observes that households include a mortgage, which would
be disqualified if you couldn't have any debt
\priv\96b\06\netdebt.txt AP 2-Jul-1996 19:05 EDT REF5854 Copyright
1996. The Associated Press. All Rights Reserved. America's Debt
Level Increases
\doc\96\03\burdebt.txt "The Burdensome National Debt" The Economist
Feb 10, 1996 p. 68. National debt isn't such a bad thing, it may
produce a better return than some other things, and crowd out silly
private ventures like the Channel Tunnel. Britain was at 200% debt
after WWII, and the US at 120%, but could not have afforded to have
lost the war. The transfer is not across generations, but from
taxpayers to the people getting the interest.
@@decline (also see improvement)
FAMILIES UNDER 30 SEE INCOME DECLINE 33% d:\clip\97\20\famdecl.txt ap
09/16/1997 10:01 EST Families See Income Plummet By LAURA MECKLER
Associated Press Writer WASHINGTON (AP) -- With more single moms and
a tougher road for less educated workers, the typical young family
saw its income drop by one-third over two decades, the Children's
Defense Fund said today. While other families have generally held
their ground, median income for parents under age 30 dropped 33
percent between 1973 and 1994, according to the fund, a liberal
advocacy organization.
\doc\96\02\paycheck.txt earnings down for high school dropouts, but
up counting fringe benefits and family incomes went up.
\priv\96\01\worktake.txt US News and World Report 1/16/96 Cover Story
Median household income has been flat for 20 years, and workers' real
weekly wages have dropped $23 or almost 5 percent since 1979.
"WORKERS TAKE IT ON THE CHIN"
\priv\95\17\stagwage.txt - Labor Secretary Reich said that "Since
1979, the inflation-adjusted income of the top 5 percent of households
grew by almost 40 percent, but real median earnings for full-time
workers have fallen by 2 percent"
\doc\95\06\incmineq.txt In 1976, 78% of steel and auto workers were
high school dropouts. Between 1973 and 1993, high school educated
workers wages declined by 30 percent in real income.
\priv\95\03\glashalf.txt - The glass is half full, we're actually
still making progress if you take technology and false inflation into
account.
@@Defence
1955 Defence 62% fed budget, payments to indiv 21. 2001: 17/61
newsweek 1/27/02 robert samuelson
Defence spending is 2.6% of world GDP, about 3% of United States GDP.
Stockholm International Peace Research 2000 yearbook
US Billions dollars
259.9 3.6% us
51.2 7% Japan
46.8 7% France
39.5 5% Germany
31.8 4% UK
4.1% other
780.0 world
overall 2.6% of world gnp
WEST DWARFS THREAT BY 6 TO 1
http://www.d-n-i.net/charts/us_alliance_power_vs_threats.htm
z50\clipim\2001\08\alliance\alliance.htm
US and Allies: $600 billion
Russia, China and all other possible adversaries: $100 billion
US alone: $350 billion
CHINA VS US
Newsweek 4/16/2001 p. 30
Defence budget billions $14.5 $270
Pct of GDP 1999 1.2 3.2
AEROSPACE EMPLOYMENT DOWN BY 40% IN 6 YEARS
The Economist June 14, 1997 p. 5 "Leaner and Fitter" chart US
aerospace industry: Employment has declined from 100% in 1990 to 60%
in 1995. Net profit has actually risen from 3% to 6%, while revenues
have fallen from 100% down to 70% and is back up to 80%.
@@Deregulation (Transportation)
USA LEADS THE WORLD IN TRANSPORTATION DEREGULATION AND PRODUCTIVITY
"Delivering the Goods" Economist Nov 15, 1997 p. 15 F120297
Deregulation of airlines, road haulers and railways freed them from
restrictions on what they could carry. Railways could drop
unprofitable branch lines, trucks could carry goods on return trips,
resulting in huge productivity gains. Railways reduced employment,
trackage and equipment, while hauling much more cargo. "Impressed by
the results, Japan and mamany emerging economies began to deregulate
freight transport in the 1990s" "In America, the period of huge
productivity gains in transportation may be almost over after two
decades of regulation. But in most other countries, the process
still has far to go"
US Ton carried per rail car up by 77%, Europe only by 20%
Tonne-km per wagon, '000
1985 1996
USA 900 ** 1,600 ***
European Union 250 *** 300 ***
Source: Assocation of American Railroads, International Union of Railways
Rail Shipping Costs Plummet:
American rail freight revenues collected per ton-mile, cents
1985 3.0
1991 2.6
1996 2.3
Source: Association of American Railroads
@@Doctor (shortage or surplus?)
\clip\97\19\doctor.txt U.S. to pay hospitals not to train doctors
Date sent: Mon, 25 Aug 1997 21:21:13 EDT [there is an alleged glut of
specialists]
San Jose Mercury News, Statistical Abstract of the U.S. American
Medical Association
1990, average physician made 7 times as much as average, surgeon 10
times as much
$236,400 surgeon
$207,300 ob-gyn
$164,300 all physician
$104,100 general family pediatrician
$23,602 all wage earner
@@Dot Com Bust
2001 YEAR OF DOT COM BUST
High tech fall was fast, hard deep John Cook Seattle PI 2001 could go
down as the year the dot com boom finally went bust. Over 18,900 lost
jobs in the technology sector. A billion dollars in venture capital
evaporated in the state as four dozen companies shut doors.
Nationally 537 Internet companies closed or went bankrupt
@@Electronics
Doomed to the scrap heap Seattle Times Jan 24, 199
average spending on consumer electronics $150 1979
nearly $1000 in 1997
1.6B devices in use, value $500 billion dollars
@@Enron debacle
z54\clip\2001\12\enron.txt "The Enron outrage" Free-market ideologues
said the energy titan's triumphs proved them right. Now they should
admit its humiliating collapse proves they were wrong. By Thomas
Frank Salon.com Dec. 13, 2001 | "I believe in God and I believe in
free markets," Enron CEO Kenneth Lay told the San Diego Union-Tribune
back in February.
@@Entertainment
From Gregory Cochran:
Entertainment revenues:
domestic movie revenues 8.4 billion for 2001
video game revenue 9.4 billion for 2001
US television advertising revenue: 54 billion for 2000
cable subscription revenue: around 30 billion for 2001
rental of videocassettes and DVDs: 10.3 billion
buying videocassettes and DVDS: 10.8 billion
total US music sales for 2001: 13.7 billion
The total that consumers are actually willing to shell out for
entertainment in the US is something like 100 billion a year.
@@Exotic Dancing
TOP PAY IS $27 AN HOUR
z60\clipim\2002\10\bare.htm
www.seattletimes.com
October 29, 2002 Books Former Lusty Lady dancer turned author explores
allure of stripping By Patti Jones At the Lusty Lady peep show on
First Avenue, men duck in by the dozens at lunchtime.
She figured if she could write about sex work, she could understand
it. The result is "Bare: On Women, Dancing, Sex, and Power" (Knopf,
$24), The top pay at the Double-L in 2001 was $27 an hour.
@@exports
Contrary to reports that the US lags behind its competitors, the
United States is the world's largest exporter.
The Economist April 6th 1996 p. 109
Source WTO
Exports of merchandise trade1995 $bn
% world total
11.6 1 United States
10.1 2 Germany
8.8 3 Japan
5.6 4 France
4.8 5 Britain
4.6 Italy
3.9 Netherlands
3.8 Canada
3.5 Hong Kong
3.3 Belgium/Lux
3.0 China
2.5 S Korea
2.4 Singapore
2.2 Taiwan
1.8 Spain
1.6 Switzerland
1.6 Mexico
1.5 Malaysia
US = nearly 600 billion
\doc\96\01\exports.txt Economist NOv 18th 1995 p. 115
US is #1, Japan #3 world exporter
Leading world exporters, 1996
United States
Germany
Japan
France
Britain
Italy
Netherlands
Canada
Belgium-Lux
China
South Korea
Singapore
Taiwan
Spain
Source: IMF
@@farm worker
\clip\97\09\farmwork.txt New York Times March 31, 1997 Farm Worker
Pay Fell in 2 Decades, U.S. Surveys Find By STEVEN GREENHOUSE
Agricultural economists and some industry surveys found that farm
workers' wages have fallen 20 percent or more over the past two
decades after accounting for inflation, but other surveys show only a
2 percent drop since 1989 vs. 3% for all workers.
@@Federal Budget
2/5/1991 San Francisco Chronicle
Where federal money comes from:
30% Social Insurance Receipts
37% Individual income taxes
19% Borrowing
7% Corporate income taxes
3% Excise taxes
4% Other
Where federal money goes:
41% direct payment to individuals
20% national defence
14% net interest
12% grants to states and localities
7% other federal operations
6% deposit insurance
Office of management and budget
1992 budget = 100 billion dollars
@@Financial Advisor
239,000 jobs in US in 2000 according to Dept of Labor, median annual
salary was $52,000 Seattle Times May 19, 2002 More Seek Financial
Advice J.C. Conklin Dallas Morning News.
@@foreign programming
\clip\96\05\indiprog.txt Date: Tue, 17 Sep 1996 03:09:36 -0400
High-Tech Companies Turn to India's Silicon Valley for Software
Services By Jennifer Bjorhus, The Seattle Times India now exports
about $485 million worth of software work a year, most of it to the
United States, according to India's National Association of Software
and Service Companies.
@@foreign workers
\clip\96\02\forprog.txt Date: Thu, 15 Aug 1996 16:21:05 -0400
Overseas programmers spend nights solving America's computer problems
By Shankar Vedantam Knight-Ridder Newspapers
@@Free Time
MORE, NOT LESS FREE TIME \clip\97\15\fretime.txt Americans Said To
Have More Free By MICHAEL RAPHAEL Associated Press Writer Thursday,
June 5, 1997 1:23 am EDT
http://www.washingtonpost.com/wp-srv/WAPO/19970605/V000423- 060597-idx.html
" John Robinson and Geoffrey Godbey declare in their new book, ``Time
for Life,'' that in contrast to recent studies showing a decrease in
free time, Americans are now enjoying an average of close to 40 hours
of leisure a week -- up from 35 hours in 1965.Despite the large-scale
entry of women into the workforce since 1965, both men and women saw
an increase in their free time. Men's leisure time increased five
hours to 40.4; women's climbed six hours to 38.9."
@@Garbage Collectors
Seattle Times Extra 2/16/1999
King County Garbage collectors earn
$40,000 plus benefits and overtime
65 lb lift requirement. No female
drivers, few applicants
500-700 can lifts per day
Startting drivers get 14.34/hr for
recycling
@@General Motors
Wall Street Journal 8/28/97
Employees nearly 440,000 in 1990, now 300,000
1996 Revenue $164 Billion
Average hourly wage $19 (nonskilled production worker)
With Benefits $44
Source: GM
@@Generation Mobility
INCOME DEPENDS A LOT ON HAVING RICH PARENTS (DUH)
Less chance to rise in life Business Week Nov 18, 2002 Only 14% of US
households can make a 6 figure income [And that's a crisis?]. 1980s
studies figured 20% of earnings gap persist one generation, later
raised to 40%. No Bhash Mazumder says it's 60%. Many poor can't
afford education to send them to best schools.
@@generation competition
STUDY: OLD PEOPLE ARE TAKING JOBS THAT WOULD NORMALLY GO TO THEIR
CHILDREN?
\clip\97\08\jobbott.txt
\clip\97\08\jobbott\jobbott.htm
http://www.businessweek.com/1997/12/b3519123.htm Business Week
3/24/97 THE COMING JOB BOTTLENECK What an aging workforce means for
everyone else
@@generational progress
ECONOMISTS MUCH MORE OPTIMISTIC ABOUT FUTURE LIVING STANDARDS
\doc\97\03\econimm.txt Source: "Economists in Survey..." Wall Street
Journal March 6, 1997 p. A2 (survey of academic economists by the
Wall Street Journal, 1997)
Do you expect your children's generation to have a
higher standard of living than your own
---------------------------------------------------
Yes No Not Sure
Public 43% 47% 12%
Economists 70% 10% 10%
@@Germany
VW WORKERS MAKE $39 / HR WAGES AND BENEFITS VS $25 IN USA
http://www.forbes.com/forbes/97/0407/5907042a.htm \clip\97\09\vw.txt
Ferdinand Piëch has done wonders at Volkswagen,but there's one
problem he can't do much about: Hans and Fritz work short hours for
fat paychecks. Bringing back the Beetle By Paul Klebnikov
"Out of VW's 243,256 employees, 57% are in Germany. These workers get
six weeks paid holiday every year. They work a 30-hour week. The
German autoworker is the highest paid in the world. The average
German autoworker earns $39 an hour in wages and benefits. In the
U.S. the average autoworker earns about $25; in Japan, $27. "
@@globalization
\clip\96\05\globinv.txt AP 24-Sep-1996 20:00 EDT REF5808 Global
Investment Hits Record $315B
"Domestic Myths on Globalization" Oct 27, 1995
Wall Street Journal Marina Whitman F111795
@@Gross national product / GDP Gross Domestic Product
Leadership? The United States has the world's largest economy any way
you care to measure it. Information has become more important, as the
weight of the nation's GNP is the same as it was 100 years ago, but
is worth 20 times more.
US GNP WEIGHS THE SAME AS IT DID 100 YEARS AGO, BUT WORTH 20 TIMES MORE
Long Distance is Dying Fortune March 2, 1998
American industrial output weighs the same as it did 100 years ago.
The real GDP is 20 times higher for the same weight. David R.
author Henderson drheand@mbay.ref
US IS WORLD'S LARGEST ECONOMY ANY WAY YOU CUT IT Economist June 7th
1997 p. 110 "The Size of the Economies" f062997
z45\clipim\2000\10\14\gnp.efx
Ranking of Countries by Market Exchange Rates
1 USA
2 Japan
3 Germany
4 France
5 Britain
6 Italy
7 China
8 Brazil
9 Canada
10 Spain
Ranking by Purchasing Power Parity $trn, 1995
1 US 7.0
2 China 3.8
3 Japan 2.8
4 Germany 1.8
5 India 1.6
6 France 1.3
7 Italy 1.2
8 Britain 1.0
9 Brazil 0.8
10 Indonesia 0.8
in billion
11 Russia 670
12 Canada 620
13 Mexico 590
14 Spain 580
15 South Korea 500
16 Thailand 450
17 Iran 420
Source: World Bank
Ranking of Countries by purchasing power parity
\priv\95\14\badgdp.txt - why gnp is a bad measure of wealth
vs. genuine progress indicator.
\priv\95\14\badgdp2.txt a bogus "genuine" progress indicator by
environmentalists
@@growth
\priv\95\14\ridehigh.txt "Riding High" business week Oct 9, 1995 pl
134 Increasing productivity will increase out standard of living,
wages sometimes take some time to catch up. There will be a painful
upheaval, as in previous transitions such as from northeast to south
and to overseas.
@@happy
WEALTH PRODUCES SOME HAPPINESS, BUT NOT IF NEIGHBOR IS ALSO WEALTHIER
z54\clip\2002\01\happy.txt
http://interactive.wsj.com/articles/SB1010089699145366800.htm
Does Wealth Produce Happiness?
Economists' Answer Isn't So Simple
IN Wall Street Journal, 4 i 02
By JON E. HILSENRATH
@@hiring
Experienced hands rate 'slight' hiring edge Electrical Engineering
Times June 10, 1996 National Association of Colleges and Employers
finds that 37% of employers are moving towards hiring more new
graduates. Overall, 60% of new job openings go to experienced wokers
at 249 surveyed employers. F061396
@@import
\clip\96\08\canajob.txt Car jobs moving to Canada where costs are
30% less and productivity is high
\clip\96\02\nikework.txt New York Times August 9, 1996 For Indonesian
Workers at Nike Plant: Just Do It By SETH MYDANS Factory workers are
lifted out of poverty by Nike jobs, instead of being harmed.
http://www.arthurhu.com/economy.htm#improvement
@@improvement
http://www.seattletimes.com/news/nation-world/html98/cost_032798.html
\clip\98\04\costlow.txt The Seattle Times Company Nation and World :
Friday, March 27, 1998 Cost of living lower now than in good old days
by Art Pine Los Angeles Times WASHINGTON - Remember the good old days
when a typical American home sold for $14,500, a haircut went for
$1.50 and gasoline was about 30 cents a gallon? [Workers worked 6.5
hrs per square foot of an average house in 1950, now they work 5.6
hrs for houses that are much larger]
READERS DIGEST / ROPER POLLS SAYS WE ARE DOING MUCH BETTER THAN PAST
GENERATIONS, SATISFIED AND OPTIMISTIC ABOUT ECONOMY
\doc\96\08\dobetter.txt Readers Digest Dec 1996 p. 54
Tales of economic decline are used to blame minorites and immigrants
and set Americans against each other. Except that living standars are
rising, and Americans are, by and large, pretty happy. Minorities are
less happy, but still optimistic that the American Dream is in their
reach. Of course, what would you expect from Readers Digest?
The Roper Center did a poll of Americans and how they are doing
75% who were working 15 years ago are making more
53%W 52%B 63%H are making "much more"
61% believe they are better off than their parents were at their
age.
Able to help children out financially better than their parents
Better W58 B66 H86 All 62
Not W33 B26 H10 All 29
Same W 9 B 8 H 3 All 9
70% are very or somewhat satisfied with life style and living
standard
All income groups are above 50% except below $20,000
50% said they had not achieved the "American Dream", but
68% 30-40
69% Yes 61-70
it was highly dependent on age.
Americans travel more, farther, own more cars, better and bigger
homes and apartments, 55% thought their parents were very serious
about shopping for the lowest prices, but only 35% are today.
Despite headlines about layoffs affecting white collar workers, job
security concerns have stayed about the same for the past 20 years
(and unemployment rates have actually dropped on average)
Do you earn enough money? W48 B21 H33
If not, will you? B60 H59
Better than parents? B84 H86
Good chance of improving B78 H86
standard of living
\clip\96\05\fammatr.txt The Wall Street Journal Interactive Edition
-- October 2, 1996 Editorial Family Matter While GDP per capita rose
46% percent from 1970, median family income rose only 9.5%.... But
when you control for shrinking family size, the famous "median family
income" is not so low. The median income for married couples in 1994
was 19% higher in inflation-adjusted dollars than it had been in
1970, eliminating half the gap rather than showing the difference
went to the upper classes.
\clip\96\05\fambetr.txt Date: Sun, 22 Sep 1996 07:14:02 -0400 From:
NewsHound@sjmercury.com (NewsHound) U.S. families are changing -- for
better or worse Politicians disagree on effect of assistance By Steve
Johnson Mercury News Staff Writer Never mind that the American family
earns more, is better educated and in many ways healthier, and its
teens are less likely to abuse drugs or have babies than years ago.
\priv\95\17\stagwage.txt - Labor Secretary Reich said that "Since
1979, the inflation-adjusted income of the top 5 percent of households
grew by almost 40 percent, but real median earnings for full-time
workers have fallen by 2 percent"
\doc\96\01\greatexp.txt Great Expectations Newsweek January 8, 1996
p. 24 Robert Samuelson. Incomes are actually up 10-20% over the past
two decades, not stagant, when inflation is propertly corrected for.
\doc\96\01\marxdumm.txt "Coming this year: Marx for Dummies" Wall
Street Jounal Jan 25, 1996 ed. Karl Zinsmeister, fellow at Amerian
Enterprise Institute f012596 Boomer income is 55% higher than 30
years ago. Average home is twice as big. 79-94 men's wages up 14%,
not down 14%. Average family is 12% smaller in 93 than in 70.
\doc\96\02\paycheck.txt earnings down for high school dropouts, but
up counting fringe benefits and family incomes went up.
@@Income
%%City
z57\clip\2002\08\nyinc.txt
con1453@aol.com
Census Finds Immigrants Lower City's Income Data
August 6, 2002
By JANNY SCOTT
New Jersey median income adjusted for inflation
Black 1.1 $38,513
White 5.1 $59,153
Asian 3.8 $73,145
Latino 1.1 $39,609
$182,792 Scarsdale NY
$200,000 White upper eastside Manhattan NYC
$18,629 Asians NY Chinatown
$14,908 Coney Island NY
%%decline
z67\clipim\2003\05\wages\wages.htm
Seattle Times May 12, 2003
Wages slide for workers glad to have paychecks
By Shirleen Holt
Seattle Times business reporter
[wages peak between 2001 and 2002]
%%state
\doc\96\06\statepci.txt
1994 Per Capita incomes, US Commerce
Per Capita
State Income
Ala. $19,181
Alaska 24,002
Ariz. 20,489
Ark. 18,101
Calif. 24,073
Colo. 23,961
Conn. 31,776
Del. 26,273
D.C. 33,452
Fla. 23,061
Ga. 21,741
Hawaii 24,590
Idaho 18,906
Ill. 25,225
Ind. 21,433
Iowa 20,921
Kan. 21,841
Ky. 18,849
La. 18,981
Maine 20,105
Md. 26,333
Mass. 28,021
Mich. 23,915
Minn. 23,971
Miss. 16,683
Mo. 21,819
Mont. 18,445
Neb. 21,477
Nev. 24,390
N.H. 25,587
N.J. 29,848
N.M. 18,206
N.Y. 27,678
N.C. 21,103
N.D. 18,625
Ohio 22,514
Okla. 18,580
Ore. 21,611
Pa. 23,558
R.I. 23,844
S.C. 18,998
S.D. 19,576
Tenn. 21,038
Texas 21,206
Utah 18,232
Vt. 21,231
Va. 23,974
Wash. 23,774
W.Va. 17,687
Wis. 22,261
Wyo. 20,684
U.S. $23,208
As cited in Seattle Times 9/25/96 "Per-capita income growth tops '95
inflation "
Note that the states with the worst test scores (DC and Mississsippi)
are not the ones with the lowest incomes, race is more important than
income.
%%world
"World's per-capita income $45 higher, World Bank says" Seattle Times
Dec 31, 1995 p. A8. The World Bank estimates world Pc income of 159
nations as $4,600 in 1994, up $45 from previous year, and first
increase after a 3 year decline. Published in the World Bank Atlas
1996. Ethiopia is $130 in 1994
Hourly Compensation Cost
Wages and benefits for Factory Workers in dollarsa
1995 1997 est
Germany 31.85 27.81
Japan 23.66 19.01
France 19.34 16.91
USA 17.19 18.17
Korea 7.40 4.29
Malaysia 2.43 1.81
Thailand 0.68 0.34
China 0.27 0.33
(Based on chart in Wall Street Journal 1/26/98)
Source: Bureau of Labor Statistics, Morgan Stanley
Dean Witter
@@inequality
Income inequality is commonly presented as an indicator of how rotten
things are getting, but it's not as important as how well the poor
are doing in absolute terms. If my income doubles while richer
neighbor goes up by 4 times, am I better or worse off? If my income
stagnates because I depend on welfare, while my neighbor invents DOS
and gets rich, is that unfair?
\clip\99\09\wagegap.txt (pay) www.businessweek.com BUSINESSWEEK
ONLINE : MARCH 15, 1999 ISSUE ECONOMICS Commentary: Strong Growth
Will Shrink the Wage Gap
"in 1980, the median male college graduate earned about a third more
than the median high school graduate; by 1993, that gap had widened
to more than 70% ... The result: Low-income workers have been
gaining ground. In 1993, hourly wages of a median worker--one right
in the middle of the income distribution--were 2.03 times the
earnings of workers in the lowest tenth percentile. In 1997, the wage
ratio had dropped to 1.93 times, the lowest figure in 16 years,
according to the Economic Policy Institute."
"In 1979, some 49% of high school graduates went on to college the
following fall. In 1997, a record 67% went on to college. Thanks
largely to this supply-side response, the wage gap between high
school graduates and those with a four-year college degree has been
stable since 1993"
chart: \clipim\99\03\16\wagegap.gif
\images\98\01\010897\p02.tif Income Inequality Without Class
Conflict WSJ Dec 18, 1997
\clip\96\01\wagegap.htm WSJ 7/22/96 Wage Gap Finally Hits Plateau For
College, High-School Degrees says that the wage gap between college
and high school has peaked and leveled off f090996 Chart shows gap
goes up to 70% in 85, 80% in 91, falls to 72% in 1994
\doc\96\04\sharweal.txt
Percentage of wealth by income in 1994:
Poorest fifth of all families -0.64%
Poorest 10% -0.70
Next poorest fifth 1.58
Middle fifth 5.56
Next-richest fifth 12.77
Richest fifth 78.47
Richest 10% 66.76
data posted by Ed Kent(ekent@brooklyn.cuny.edu) from data
in The New York Times (6/22/96)
After peak in 1973, real earnings in the bottom 20% are down by 24%,
but top 10% as increased by 10% GOP ingores income inequality Wall
Street Journal May 23, 1995.
\priv\96b\01\richer.txt AP 20-Jun-1996 1:05 EDT REF5554 Report: Rich
People Getting Richer In the first two years of the Clinton
administration, 1993 and 1994, the share of national income earned by
the top 5 percent of households also grew at a faster rate than
during the eight years of the Reagan administration
economics.inequality
\doc\96\03\richgap.txt "Study Finds Gap Growing Between Rich, Poor in
U.S." Los Angeles Times March 20, 1996 p. A1 Rand corp study finds the
spread in income due to single poor parents and affluent two-worker
families.
>>"When winners take all" Economist Nov 25, 1995 p. 82 Discussion of
"The Winner-Take-All Society". By Robert Frank and Philip Cook. The
Free Press, New York 1995. Income inequality may indicate a winner-take-all
effect that is good for society, like Hollywood. F121995
\priv\95\14\povus.txt - Income inequality on the
increase in the US?
\doc\95\06\incmineq.txt After peaking in 1973, real earnings in the
bottom 20% are down by 24%, while the top percent is up by 10%.
\priv\95\05\wealgap.txt - US has largest gap between poor and rich in world
@@inflation or consumer price index / CPI
The consumer price index is the most common measure of inflation and
buying power, but it is based on the price of a fixed set of goods,
not what people actaually buy, and does not reflect the quality of
goods such as electronics, cars and computers which could not be
bought at any price a decade before by consumers.
In reality, household income has not stagnated, but increased by 15%
since 1980. 23% since 1974, and cars are more energy efficient.
--------------------------------------------------------------- ---------
MEDIAN HOUSEHOLD INCOME UP 23% FROM 1974 TO 1994 Seattle Times Dec
12, 1996 Truth in Statistics: It's time to Change the CPI.
INFLATION OVERSTATED BY 1.1 POINTS OR 60 PERCENT!
\clip\96\10\cpifix.txt New York Times December 4, 1996 Panel Says
Errors in Inflation Data Drain U.S. Budget. The inflation rate is
overstated by 1.1 percentage points, but when inflation is only 2 or
3 percent per year, even one percentage point amounts to a 30 to 50
percent error. Immigrants are blamed for stagnating incomes when a
faulty CPI is at fault when living standards are clearly higher than
20 years ago for most people.
\clip\96\10\cpiinflat.gif graphic
Social Security Benefits paid to those retiring in 1984:
1985 1997 Index Increase Ratio
Actual 450 689 1.53 238 1.00
If Reduced by 1.1 points 450 600 1.33 150 0.63
Payments would be reduced by 13% overall, the increase would be only
63% of the current rate.
\doc\96\03\usbetter.txt "Group Says U.S. Workers Are Better Off Than
Thought" New York Times April 19, 1996 p. C1
The National Association of Manufacturers says that when problems
with government reporting of inflation are corrected for, wages have
not stagnated, but risen 15% since 1979. The economy has created 8.4
million jobs since 1992. The real problem is that a typical family
paid only 20% of wages for state and federal taxes in 1955 compared
to 37% today.
--------------------------------------------------------------- ---------
\doc\96\03\usbetter.txt "Group Says U.S. Workers Are Better Off Than
Thought" New York Times April 19, 1996 p. C1
The National Association of Manufacturers says that when problems
with government reporting of inflation are corrected for, wages have
not stagnated, but risen 15% since 1979. The economy has created 8.4
million jobs since 1992. The real problem is that a typical family
paid only 20% of wages for state and federal taxes in 1955 compared
to 37% today.
--------------------------------------------------------------- ---------
\doc\96\07\cpi.wk1 - Consumer Price Index
Price Indexes 1950-1994
PPI 1982=1.00, CPI 1982-84=1.00
Annual average measured by
Index Annual Change
ProducerConsumerProducerConsumer
Prices Prices Prices Prices
1950 3.546 4.151
1955 3.279 3.732 1.6% 2.2%
1960 2.994 3.373 1.9% 2.1%
1965 2.933 3.166 0.4% 1.3%
1970 2.545 2.574 3.0% 4.6%
1975 1.718 1.859 9.6% 7.7%
1980 1.136 1.215 10.2% 10.6%
1985 0.955 0.928 3.8% 6.2%
1989 0.88 0.807 1.7% 3.0%
1990 0.839 0.766 4.9% 5.4%
1991 0.822 0.734 2.1% 4.4%
1992 0.812 0.713 1.2% 2.9%
1993 0.802 0.692 1.2% 3.0%
1994 0.797 0.675 0.6% 2.5%
PPI = Producer price index
CPI = Consumer price index
Source: US Bureau of Labor Statistics and
US Bureau of Economic Analysis, Survey of Current Business (montly data)
As cited by "The Universal Almanac 1996" Wright ed.
=============================================================== ===
@@japan vs. US
- Japan has higher per capita GNP, but can buy less with it
- US exports more than Japan
\clip\96\05\indiprog.txt Date: Tue, 17 Sep 1996 03:09:36 -0400
High-Tech Companies Turn to India's Silicon Valley for Software
Services By Jennifer Bjorhus, The Seattle Times India now exports
about $485 million worth of software work a year, most of it to the
United States, according to India's National Association of Software
and Service Companies. According to Rubin's calculations, the U.S.
software industry employs 2 million people -- far more than any other
country, including Japan, which employs about 1 million, but there is
still a shortage.
@@job export
\priv\96b\08\chinajob.htm Time July 22, 1996 Volume 148, No. 5
HIGH-TECH JOBS FOR SALE BOEING BUYS PARTS FROM CHINA TO GET ACCESS TO
A HUGE MARKET. IS THE U.S. SACRIFICING TOO MANY WORKERS? Machinists
make $50 an hour including fringe benefits.
@@job growth
Common wisdom - good family wage jobs are going offshore or to
immigrants. The new jobs are all in low paying service jobs.
Facts - most new jobs are managerial or professional / high tech with
relatively good pay and working conditions. The good old days of
"smokestack" jobs weren't good at all.
GOOD OLD DAYS - MILLS, MINES, AUTO FACTORIES
'New economy can't do job' Trumka says Lance Gay Seattle Post Intell.
Sep 2, 2002 "When I got out of school [in western Pennsylvania] it was
the mills, mines or auto factories"
MOST NEW ARE MANAGMENT OR PROFESSIONAL
Employment Policy Foudation:
Of 23M new jobs projected 2002-2012:
29% Management
9% Teachers
11% Computer Professionals
12% Other Professionals
9% Skilled Trades
30% All Other
Seattle Post Intelligencer Sept 2, 2002 Sec C
head of National Association of Manufacturers: 71% of new lost jobs
were manufacturing employees, most technologically sophisticated and
best-paid of America's workers"
MOST NEW JOBS ARE GOOD JOBS, AUTO/STEEL WERE HS DROPOUTS IN 1976
GOP Ingores Income Inequality Wall Street Journal May 23, 1995 ed. page
From 1980-1990 professionals and managers up from 36.6 to 42% of jobs
From Nov 89-94 6.7 million new jobs
59% were professional, technical or managerial
From 25.9% to 20.7% 1980-1990 Crafts, operative, blue collar
In 1976, 78% of auto and steel workers were high school dropouts.
\priv\96b\03\newjob.txtReturn-Path:
Sun, 23 Jun 1996 12:21:08 -0400 Chicago Tribune New Jobs Column By
Carol Kleiman, Chicago Tribune. Hottest new jobs are in computers,
require college or advanced degrees, better paying jobs.
\doc\96\03\travjob.txt "Landing Jobs In Travel" Seattle Times May
13, 1996 p. E1 The World Travel and Tourism Council says that there
are 200 million travel industry workers worldwide, or 1 of every 9
workers in the world. Some predict jobs could double or triple within
15 years. The International Air Transport Association projects
international airline passenger to more than double from 318 million
in 1993 to 789 in 2010. Comment - here's another growth industry that
will probably make good use of immigrants, and an example of what
will happen to people downsized from industries which don't need as
many workers. (such as the railroad industry, which is hauling more
freight than ever with fewer people)
\doc\96\03\econtrad.txt Jane Bryant Quinn Seattle Post
Intelligencer April 4, 1996 p. b5 Trade doesn't cost jobs, or add
jobs. Barry Bosworth of the Brookings institution says it shifts them
from lower-wage sectors into higher ones. Most workers displaced are
not losing out to cheap foreign labor [or immigrants, a.hu note], but
to made-in-America mergers, changing technologies, and tough
competition form other US firms.
\priv\96\05\hipay.doc Seattle Times March 14, 1996 p. A2 High-paying
jobs being created - low ones too BY JONATHAN PETERSON AND STUART
SLVERSTEIN Los Angeles Times Since the start of 1994, more than
three-fourths of the 5.6 million new jobs were managerial and
professional, according to a new U.S. Labor Department report. [A. Hu
note - immigrants contributed to this job growth by making labor
available rather than crowding out natives]
MOST NEW JOBS IN MANAGER/PROF OR TECHNICAL/SALES
From: Ken Hirsch kahirsch##bellsouth.net
October 13, 2002
The absolute number of manufacturing jobs has held remarkably steady
at around 20 million for decades. [Total jobs increased from 1950=60k
to 2000=140k] It's only in percentage that the
number is falling.
http://bellsouthpwp.net/k/a/kahirsch/manujobs.gif
Looking at the 2001 Statistical Abstract of the U.S., table 593
compares the number of people working at various jobs in 1983 and
2000.
http://bellsouthpwp.net/k/a/kahirsch/Occupations.htm
Of the 34 million new jobs between those years, fully half are
"Managerial and profession specialty", 24% are "Technical, sales, and
administrative support". Only 13% of new jobs were service jobs
overall, and only a small part of those were health service (2.4% of
all new jobs).
@@job changing
Free-agent mentality boosts job hopping Seattle Times Jan 9, 1999 J2
Gregory Weaver Indianapolis Star 17m will quit to find new jobs to
14.7% in oct 1999 vs 11.8 in 1997. Cites 5th job in 7 years, some
wont hire frequent job hoppers
@@labor cost
\doc\96\03\labcost.txt According to The Economist Dec 9, 1995, using
US Labor Dept figures, the ranking is, reading from the chart, $/hour
in 1994:
27 Germany
25 Switzerland
23 Belgium
22 Austria
21 Japan
20 Holland
20 Denmark
18 Sweden
17 United States
17 France
16 Italy
15 Canada
14 Australia
14 Britain
12 Spain
9 Israel
9 New Zealand
7 Greece
6 Singapore
6 South Korea
5 Taiwan
4 Hong Kong
4 Portugal
2 Mexico
@@Labor Shortage
\clip\97\15\whatlab.txt \clip\97\15\whatlab\whatlab.htm
http://www.pathfinder.com/@@zzGKXwUAwtKVUjPi/fortune/1997/ 970623/fea.html
Fortune June 23, 1997 What Labor Shortage? It's certainly not easy
to find skilled workers right now. But the evidence shows that this
scarcity is probably a short-lived phenomenon. (More workers are getting
more education and retiring later)
@@Lawyers
Economic Census Shows Lawyers Are Top Earners
By Marianne Lavelle
The National Law Journal (p.A1, col.1)
August 28, 1995
on the web: http://www.lawjobs.com/lawemploylibrary/top.html
personal file: \clip\97\08\lawpay.txt
"when revenue per employee is calculated, legal services top the list
of 12 service industries, averaging $109,476 in money brought in for
every secretary, paralegal and lawyer listed on law firm payrolls. "
"Many parts of the motion picture industry pull in more than $500,000
in revenue per employee. And professional sports teams average
$122,458 per worker."
"But a close look at the law alongside other professional services
shows that legal services' revenue per employee is second only to the
$114,105 generated annually by the computer services industry"
"lawyers, by some estimates, are the nation's highest-paid
professionals"
"the largest plurality of law firm offices -- 35 percent -- make
between $100,000 and $249,999 per year. Fewer than 1 percent of
for-profit law offices makes more than $10 million or less than
$10,000 in revenue per year. "
@@layoff
AEROSPACE HARDSHIPS LESS THAN OTHER LAID OFF WORKERS, 25%
EXPERIENCED 15% WAGE REDUCTION
http://www.rand.org/publications/RB/RB7510.html
c:\clip\97\04\aerounem.txt DOCNO: MR-688-OSD TITLE: Life After
Cutbacks: Tracking California's Aerospace Workers. AUTH: R.F.
Schoeni, M. Dardia, K.F. McCarthy, G. Vernez ABST: Researchers tested
the assumption that aerospace workers had suffered greater employment
hardships than workers in comparable nonaerospace industries. Using
wage files and unemployment income files from California's Employment
Development Department, they studied a very large sample of aerospace
workers and a similar sample of nonaerospace durable goods workers.
Although 25 percent of the aerospace sample experienced a 15-percent
wage reduction between 1989 and 1994, aerospace workers experienced,
overall, less hardship than did their nonaerospace counterparts.
\CLIP\97\02\exdefence.txt Fortune 1994 (pathfinder) EX-DEFENSE
WORKERS ARE DOING EVEN WORSE TRICIA WELSH Jobs have in defence have
dropped 40% since 1987, many who have lost their jobs "may have to
lower their salary expectations"
\CLIP\97\02\LAYOFF.TXT (search pathfinder) WHERE THE LAID-OFF WORKERS
GO " financial services workers who were laid off from positions they
had held for three or more years took an average pay cut of 8% once
they found new jobs, compares favorably with average salary declines
experienced by job shifters in construction (16%) and manufacturing
(11%). " Total workforce reduced by 9% in 5 years.
\clip\96\04\chinjob.txt AP 15-Sep-1996 11:56 EDT REF5138 Copyright
1996. The Associated Press. All Rights Reserved. Jobs In China Not
Guaranteed By RENEE SCHOOF Associated Press Writer state industries
are laying off millions of workers. China now has 12.5 million people
who are laid off or registered as unemployed, partly due to low cost
of competing goods in the USA.
Poll: most discharged execs land on their feet Electrial Engineering
Times June 10, 1996 9 out of 10 laid-off managers and executives
survyed by Challenger, Gray & Christmas reported getting the same or
better salaries than their old positions, compared to 88% in 4Q 95
and 86% in 3Q 95. f061396
\priv\96\03\layoff.doc "Who's to blame for all the layoffs?" WSJ
1/22/96 Michael Hammer blames smart consumers who demand low prices
and best selection, regardless of who is hurt.
@@librarian
Checking Out a Librarian's Career Seattle Times March 9, 1997
Minorities are now 10% of enrollments in library science, with 3 to 1
women to men according to the American Library Association Employment
will increase 6% by 2000 according to Washington Occupational
Information Services's 1996-97 Occupational Information book 3,540
librarians employed in Washington state. Average salary is $36,000
per year, $30,000 national average. Patrick Grace started as a
lawyer, then quit and took library science.
@@living standard
\priv\96b\08\humdev2.txt Date: Tue, 16 Jul 1996 04:39:09 -0400 From:
NewsHound@sjmercury.com (NewsHound) Canada, U.S., Japan have world's
top living standards NEW YORK, July 15 (Kyodo) -- Canada, the United
States and Japan have the world's top three living standards in
health, education and purchasing power,
@@Living Wage
Activists claim that a living wage is $17 an hour for a single parent
with 2 children (therefore it is wrong to offer jobs that make less
than that???)
LIVING WAGE THREATENS ORGANIZATIONS SERVING THE POOR
z56\clip\2002\05\livwage.txt
http://philanthropy.com/free/articles/v14/i14/14002201.htm Chronicle
of Philanthropy From the issue dated May 2, 2002 Paying a High Price
Living-wage laws threaten stability of some charities By Michael Anft
To cover the increase, Mr. Van
Dorpe says, he may have to cut up to one-fourth of his staff or close
one of the charity's four centers. Deeper cuts could come if
Massachusetts, which also provides money to Neighborhood House, pares
its budget this year.
NEW JOBS DON'T PROVIDE "LIVING" WAGE
\clip\99\01\livwage.txt January 6, 1999 Report: Job openings lack
'living wage' by Tyrone Beason Seattle Times business reporter
"a living wage, as defined in the report, is $10.25 an hour for a
single adult and $16.86 for an adult with two children - considerably
higher than the minimum wage, which rose Jan. 1 in Washington state
to $5.70 an hour from $4.90. in the Puget Sound region, the per-hour
living wage was estimated to be slightly higher, $10.43 and $17.59
respectively." study by Seattle-based Northwest Federation of
Community Organizations and University of Washington's Northwest
Policy Center.
@@Low Pay
IMMIGRANTS MAKE MORE BY BEING PAID CASH WAGES "Do We Want Mexifornia"
City Journal Spring 2002 Victor Davis Hanson "many live hard and toil
at menial jobs, perhaps earning $8 an hour, usually in cash. Without
[taxes or benefits] the worker earns the equivalent of a gross $10 an
hour rate, while the employer saves 30% in payroll contributions
[forcing others to pay more]"... [but use benefits when they get
older]
@@Major
Technical degrees are in highest demand among job majors
"Why Parents of College Kids Can Rest Easy: 1997 Grads Faced Jobs
Galore, And So Will Future Grads" Investor's Business Daily June 25,
1997 Top professions embracing new college graduates include
electrical engineering, software manufacturing, financial consulting
and accounting accorind to Coopers & Lybrand.
@@manufacturing sector
Manufacturing is supposed to be the key to prosperity, but we've
passed the industrial age, the new jobs are in the information age
based on services. We can produce more goods with fewer people, so
only a few people need to build things just as only 2% of the
population grows our food today.
Q: AREN'T WE LOSING MANUFACTURING JOBS?
A: WE'VE ALREADY TRANSITIONS TO A MOSTLY SERVICE BASED, NOT
MANUFACTURING BASED ECONOMY.
\doc\96\06\tradus.txt Trade: What's In It For Us? Mobil Ad Time
9/23/96 Services, which is transportation, wholesale and retail
trade, finance and government employ nearly 80% of all workers in
1996, up from 62% in 1960, many of them skilled high tech workers
Ken Hirsh, h-bd says:
MANUFACTURING JOBS AND OUTPUT HAVE NOT DECREASED
The United States is the largest exporter of manufactured goods in the worldl
The U.S accounts for 13.7% of world manufactured exports.
Second is Germany with 11%, Japan third with 9.3%. (Table 985 of Stat Abs).
While the _percentage_ of people working in manufacturing has been declining for
decades, the actual _number_ of manufacturing jobs has remained relatively stable:
Manufacturing payrolls
(ftp://ftp.bls.gov/pub/suppl/empsit.ceseeb1.txt)
1965 18.1 Million
1970 19.4 Million
1975 18.3 Million
1980 20.3 Million
1985 19.2 Million
1990 19.1 Million
1995 18.5 Million
2000 18.5 Million
To get some idea of American manufacturing might, you can check out the auto
industry:
Total Motor Vechicle production in U.S. (Factory Sales)
http://www.infoplease.com/ipa/A0104801.html
1970 8.2 Million
1975 9.0 Million
1980 8.1 Million
1985 11.5 Million
1990 9.8 Million
1995 12.0 Million
Most of the manufacturing imports into the U.S. come from HIGH WAGE countries--61%,
in fact. For low wage counties, Mexico and China together account for 18% of
manufacturing imports, the rest divided between mid-income countries (Korea, Taiwan,
Israel, Spain, etc.) and low-income countries (Malaysia, Brazil, Thailand,
Phillipines, etc.).
@@mba
"UW's business grads" Shirleen Holt Seattle Times Oct 24, 2002
Business Week reports national average $75,000 in 2002, but U Wash
graduates 88% placed, $60,000 to $69,000
MBA STUDENTS AVERAGE $48,000 BEFORE, EXPECT $75,000 AFTER MBA
z56\clip\2002\07\mbaval.txt
Report Questions M.B.A. Degree's Value, but Students Seem Unconcerned
Chronicle of Higher Education, 2.6.2
http://chronicle.com/daily/2002/07/2002070204n.htm
[1]By KATHERINE S. MANGAN
little evidence exists that they enhance a person's career or earnings
potential, a Stanford University business professor contends in a
controversial new report.
second-year M.B.A. students this spring found that they expected to
earn an average base starting salary of $75,000, compared with their
average pre-M.B.A. salary of $48,000. The council also surveyed
corporate recruiters, who confirmed the $75,000 starting-salary
figure.
@@Mechanic
\clip\97\19\mech.txt Fixing Cars Is Still a Good Job For Those
Willing to Compute By GABRIELLA STERN Staff Reporter of THE WALL
STREET JOURNAL August 13, 1997 "Last year, working plenty of
overtime, Mr. Figurski made $60,000, well above the $35,284 median
family income in Michigan and on a par with some accountants,
attorneys and engineers. He lives in a three-bedroom house he built
on five acres, has a wife, a young son and two vehicles "
@@Media
MEDIA MORE IMPORTANT THAN FOOD IN US BY 2003 U.S. will spend more on
media than food by 2003 Kim Chipman Seattle Times Dec 5, 1999 p. E5.
US will spend 663B on media by 2003, 44% more than last year, 6th
largest industry, surpassing food. Time spent on media approaching 10
hours a day (compare with kids spending 40 hrs a week on media) Time
spent on books up 9 hrs per perso from 97 to 98, by 2003, extra 43
hours a year
@@Military
MILITARY PAY RELATIVELY HIGH FOR EDUCATION VS. CIVILIAN
Pushing the Envelope Business Week March 8, 1999 p. 94 RAND compared
military pay levels, found that pay for most tropps was higher than
70% to 80% of private-sector work. Army corporal with four years
gerts $2,017 / month, 78th pctile fro civilian males 22 to 26 with
high school ed. Army major with 12 years $4,949 month, 70th
percentile for civilian males 32 to 36 with 4+ college.
@@minimum wage
\priv\96\13\minwage.htm New York Times April 30, 1996 "Analysis:
Minimum Wage Debate -- Much Bluster Over 90 Cents" · By DAVID E.
ROSENBAUM
\priv\96\13\whowin.htm http://epn.org/epi/epminw.html Who Wins With a
Higher Minimum Wage An Economic Policy Institute Briefing Paper
Lawrence Mishel, Jared Bernstein, and Edith Rasell Summary: supports
minimum wage citing Card study. Minimum-wage earners are primarily
women (57.9%), have full-time jobs (47.2%) or work between 20 and 35
hours weekly (33.3%), are disproportionately black (15%) or Hispanic
(13.8%), and are concentrated in the low-wage retail sector (44.3%).
Minimum-wage earners are frequently the only earner in their family
(38.8%) and, on average, contribute half of their family's earnings.
priv\96\13\minwdest.htm National Center for Policy Analysis National
Center for Policy Analysis, "Destructive Impact of Minimum Wage"
http://www.reagan.com/cgi-bin/main/hottopics/1996/4/ ht041619960.html
POLICY DIGEST Tuesday, April 16, 1996 Virtually every respected study
on the impact of minimum wage laws has found that they significantly
reduce employment. A 1983 study of research in this area found
"virtually total agreement that employment is lower than it would
have been if no minimum wage existed."
>>\doc\96\03\minwage.txt "Mininum Wage vs. Supply and Demand" Wall
Street Journal April 24, 1996 p. A14. Several economists agree that
raising the minimum wage will put anyone whose productivity falls
below the wage out of work, with the greatest impact being on the
minority poor, and greatest benefit to middle class teenagers.
>>\doc\96\03\washmin.txt "Popeye's Chain Mulls Minimum Wage" Wall
Street Journal April 24, 1996 p. A8. A University of Washington study
of raising the minimum wage in Wash state in 1989 and 1990 found
10,000 jobs were cut state-wide, and employers spent more time and
effort recruiting and training employees.
"Crying out for reform" Economist Nov 25, 1995 p. France /6 Chart
shows that unemployment has increased with the minimum wage F120695
\priv\95\13\wagestud.doc economics.minimum wage "Of magic, myth and
the minimum wage" Economist Sept 30, 1995 p. 94 Famous wage study by
Card is plain wrong, the best study now says that a 19% rise in fast
food wages resulted in decreased employment by 4.6%
\doc\95\05\wagehurt.txt New Jersey fast food study flawed, 10%
increase in min wage causes 2.7% decrease in employment
\doc\95\02\minwage.txt Mininum wage raise cost 10% of
teen black unemployment
Voodoo Economics, Minimum Wage Dept Daniel Seligman
Fortune March 6, 1995 p. 217
@@Musician
BE A SYMPHONY PLAYER MAKE $96,000 A YEAR
Under the latest agreement, musicians at the Philadelphia Orchestra
will make $1,500 per week the 1st year ($78,000), those with 25 years
of seniority will make $90,640 by 1999. Of course, most musicians
don't make this much. \doc\96\08\philorch.txt "Philadelphia Orchestra
Returns, Reluctantly" Seattle Times Nov 20, 1990"
BE A MUSICIAN, WORK PART TIME WITH ONLY 159 FULL TIME POSITIONS / 3,900 DEGREES
Maestros of Money Kiplinger's March 2003 p. 26 Sean O'Neill
Last year only 159 full time salaried orchestra positions
opened up to new players, compared to 3,900 students who graduate
with music degrees specializing in instruments.
@@Occupations
Occupational Outlook Handbook
http://www.bls.gov/oco/home.htm
%%Catholic Priest
http://www.bls.gov/oco/ocos063.htm#earnings US Dept of Labor
According to a biennial survey of the National Federation of Priests’
Council, low-end salaries averaged $12,936 per year in 1999; high-end
salaries averaged $15,483 per year. In addition to a salary, diocesan
priests receive a package of benefits that may include a car
allowance, room and board in the parish rectory, health insurance, and
a retirement plan.
%%Sales
http://www.bls.gov/oco/ocos121.htm#earnings
Median hourly earnings of retail salespersons, including commission,
were $8.02 in 2000.
New and used car dealers $17.81
Lumber and other building materials 10.38
Department stores 7.63
Miscellaneous shopping goods stores 7.50
Family clothing stores 7.39
@@Operators
Norfolk 911 operators: the pay ranges from $19,625 to $34,394 a year.
\clip\97\11\911.txt http://www.usatoday.com/news/nds26.htm USA Today
04/30/97 '311' could be the answer to overtaxed `911'
@@Overwork
OVERWORK EXCUSES SOUND LIKE HOMEWORK FROM HELL EXCUSES
\clip\99\09\overwork.txt Myths That Make Managers Push Staff Close to
Burnout By SUE SHELLENBARGER Wall Street Journal March 17, 1999
REPORTING THIS column over the years, I've heard nearly every excuse
from managers for employee overwork and burnout. [More ed reform =
Dilbert management from hell. These sound like exactly the same
excuse I hear from teachers and principals assigning homework from
hell to meet the new world class standard for the 21st century, and
not learning the same way as their parents did, they shouldn't be
working so hard, or they should be better prepared]
"If somebody is working too hard, he needs to get some help,"
Myth One: When a client says jump, the only answer is "How high?"
Myth Two: Reining in employees' workloads will turn them into slackers
Myth Three: If an employee is working himself into the ground, it's
his own fault.
@@nafta
Copyright © 1996 The Seattle Times Company Dec. 19, 1996 Study:
`Near-zero' jobs created by NAFTA by Sara Silver Associated Press NEW
YORK - The trade pact with Mexico and Canada has not stolen many jobs
from Americans, but it hasn't created too many news ones either,
according to a report released today. " On balance, NAFTA has
generated only 11,000 jobs in the United States since it became law
Jan. 1, 1994 - an insignificant fraction of the country's 125 million
jobs. "
http://www.seattletimes.com/extra/browse/html/naft_121996.html
\clip\96\12\naftajob.htm NAFTA didn't take jobs away, but didn't
create very many either (but if prices are lower, it's still a net
win for everybody!)
@@NET\WORTH
%%age
Seattle PI 8/26/2002
average net worth of gen x-er born 1967-1981 $117,000
New York Life survey of 530
%%race
\doc\96\06\netweal.txt (US Census)
Asset Ownership of Households: 1993
total $37,587
white $45,740
hispanic $4,656
black $4,418
--------------------------------------------------------------- ---------
Table F. Median Net Worth by Race and Hispanic Origin of Householder and Monthly Household Income Quintile: 1993 and 1991
(Excludes group quarters)
_______________________________________________________________ _______________________________________________________________ ______________
Total White Black Hispanic origin\1
_______________________________________________________________ _____________________________________
1993 1991 1993 1991 1993 1991 1993 1991
Monthly household income quintile (in 1993 (in 1993 (in 1993 (in 1993
dollars) dollars) dollars) dollars)
_______________________________________________________________ _______________________________________________________________ ______________
All households (thousands)............ 96,468 94,692 82,190 81,409 11,248 10,768 7,403 6,407
Median net worth (dollars).............. 37,587 38,500 45,740 47,075 4,418 4,844 4,656 5,557
Net Worth by Income Quintile\2
Lowest quintile:
Households (thousands)................ 19,327 18,977 14,662 14,480 4,066 4,041 2,272 1,835
Median net worth (dollars)............ 4,249 5,406 7,605 10,743 250 0 499 529
Second quintile:
Households (thousands)................ 19,306 18,912 16,162 16,006 2,663 2,436 1,760 1,557
Median net worth (dollars)............ 20,230 20,315 27,057 26,665 3,406 3,446 2,900 3,214
Third quintile:
Households (thousands)................ 19,279 18,969 16,591 16,388 2,126 2,124 1,437 1,312
Median net worth (dollars)............ 30,788 30,263 36,341 35,510 8,480 8,302 6,313 7,501
Fourth quintile:
Households (thousands)................ 19,304 18,928 17,218 17,043 1,454 1,353 1,115 1,009
Median net worth (dollars)............ 50,000 51,779 54,040 55,950 20,745 21,852 20,100 20,564
Highest quintile:
Households (thousands)................ 19,252 18,905 17,558 17,492 937 814 819 694
Median net worth (dollars)............ 118,996 121,423 123,350 128,298 45,023 56,922 55,923 72,168
_______________________________________________________________ _______________________________________________________________ _____________
1/Persons of Hispanic origin may be of any race.
2/Quintile upper limits for 1993 were: lowest quintile -$1,071; second quintile - $1,963; third quintile - $2,995; fourth quintile -
$4,635. Upper limits for 1991 were: lowest quintile - $1,135; second quintile - $2,027; third quintile - $3,089; fourth quintile - $4,721.
\doc\95\14\blakweal.txt
Black wealth
Business Week Nov 6, 1993 p. 72
Median Net worth, 1993 white, black
All $45,740 $4,418
Lowest $7,605 $250
Second $27,057 $3,406
Third $36,341 $8,480
Fourth $54,040 $20,745
Highest $123,350 $45,023
DOC941\CAWEAL.TXT Big drop in CA net wealth
DOC941\CAWORTH.XLS Net worth in CA 88 and 92
@@Nurse
WSU NURSE GRADUATES START AT UP TO $60,000
Care for a job? Seattle PI 5/11/2004 p. b3
Wash State U WSU officials says starting salaries for nurses run from $45,000 to $60,000
plus bonus
@@part-time jobs
\clip\96\02\parttime.txt Many who work part times jobs
do so because they want to, no increasing trend of multiple
jobs.
@@Pharmacist
A Prescription for a Successful Career. Seattle Times Jan 24, 1999
There are only two college progams and 75 openings for pharmacists
per year. Starting salary is $55,000, average is $65,000-$75,000
(that's a lot higher than most programmers)
@@Philanthropist
\CLIP\96\12\PHILAN.TXT Seattle Times Company Dec. 23, 1996 Bill Gates
among top tycoon philanthropists with $135 million in gifts (No. 3)
by Associated Press
NEW YORK - They know how to make money but they're not necessarily
good at giving it away, according to a survey of the nation's tycoons
by Fortune magazine.
Fortune's ranking of top 25 US philanthropists by 1996 donations
1. George Soros, $350 million.
2. L.S. Skaggs, retired chairman of American Stores, $155 million.
3. Bill Gates, chairman of Microsoft, $135 million.
4. Walter Annenberg, former chairman of Triangle Publications, $128 million.
5. William Hewlett, co-founder of Hewlett-Packard, $100 million.
6. Leslie Gonda, chairman of International Lease Finance Corp., $73 million.
7. Jay A. and Robert A. Pritzker, Hyatt Corp., Marmon Group, $70 million.
8. Ted Arison, retired founder of Carnival Cruise Lines, $60 million.
9. Robert Galvin, retired chairman of Motorola, $60 million.
10. William Davidson, chairman of Guardian Industries, $35 million.
11. Joan Kroc, widow of McDonald's former chairman, $33 million.
12. Robert Bass, president of Keystone, $30 million.
13. Michael Bloomberg, founder of Bloomberg LP, $30 million.
14. John Kluge, chairman of Metromedia, $30 million.
15. Thomas Lee, president of Thomas H. Lee Co., $30 million.
16. Ted Turner, vice chairman of Time Warner, $28 million.
17. Alfred Lerner, president of MBNA, $27 million.
18. Jon Huntsman, president of Huntsman Chemical, $25 million.
19. Phil Knight, co-founder and chairman of Nike, $25 million.
20. Fred Rose, president of Rose Associates, $25 million.
21. James Michener, novelist, $24 million.
22. Peter Nicholas, chairman of Boston Scientific, $23 million.
23. Ross Perot, founder of Perot Systems, $23 million.
24. Joseph Jamail, owner, Jamail & Kolius, $20 million.
25. Betty Brown Casey, president of Casey Management, $18 million.
@@Pilot
Chopper pilots in high demand Northwest Job Market Dec 7, 1999 Alex
Goff. Logging helicopter pilots can earn $150,000 a year. Starting
pilots (instructors) $15,000, $60,000 commercial government $100,000
corporate.
@@Professor
Full times faculty members of private research universities earned
$69,290 on average in 1996, nearly double $36,730 in 1984 according
to the American Association of University Professors. (That's even
with the best high tech professionals) In general, full time
professors were paid $50,980. Many get free tuition for their
children, costing Stanford $4.5 million last year. "Teacher's Perk"
Wall Street Journal April 15, 1997 p. 1
@@Programmer
PROGRAMMERS PEAKED IN 2000, DOWN BELOW 1994 LEVELS IN 2003
\zip75\clipim\2003\11\20\The Programmer's Future.htm
INFORMATIONWEEK.COM NOV 17, 2003
Programmers peaked in 2000, have fallen below 1994 level.
People calling themselves programmers down 12%, employed down 16%
1.6% unemployment in 2001, now 7.1%. Software engineers 5%
@@protectionism
HIGH-TECH JOBS FOR SALE BOEING BUYS PARTS FROM CHINA TO GET ACCESS TO
A HUGE MARKET. IS THE U.S. SACRIFICING TOO MANY WORKERS?
c:\clip\97\02\chinplan.txt TIME Magazine July 22, 1996 Volume 148,
No. 5
\priv\96\05\protno.txt U.S.NEWS & WORLD REPORT, APRIL 8, 1996
PROTECTIONISM? JUST SAY NO The future lies in competition and more
trade, big threat is from high-wage nations.
@@railroad
\doc\96\04\trainlab.txt - Railroad labor has been steadily shrinking,
but not neccesarily carrying less freight, cut in half between 1980
and 1990.
@@reagan
\doc\95\07\raceweal.txt - wealth of all races increased from 1983 to
1989. Rich got richer, and so did most of the poor.
Wall Street Journal April 24, 1995 graph source WFEA group, conference
board per capita after-tax income (1985 dollars) increased from $10
to about $18, or nearly doubled from 1980 to 1989, about the same as
from $4 to $10 from 1970 to 1980.
\doc\95\06\incmineq.txt In 1990 60% of high school graduates went on
to college compared to 49% in 1980
\doc\95\06\incmineq.txt - From 1980 to 1990, professionals and
managers increased from 36.6 to 42 percent of all jobs. Between 1989
and 1994, 6.7 million new jobs were created, and contrary to the
notion that most were Mac-jobs, well over half, 59 percent were
managerial, professional or technical, while relatively low paying
crafts and operative blue collar jobs declined from 25 percent to
20.7 percent during the 1980s.
\doc\95\06\incchang.txt - All groups gained by Reagan, most poor
move up, most rich move down 1989-1988
"Tax cuts off target" Tony Snow, USA Today March 27, 1995
d:\priv\95\04\whcollar.txt - burger flippers my eye, Most new jobs in
Reagan years were white collar professional jobs, female executive
were up 95%, blacks up 23%, Asians up 106%, American Indians up 45%,
women in production, crafts and repair were up 20% San Jose Mercury
Jan 29, 1993 p. 1f
@@quality
\doc\96\04\toyota.txt
Seattle Times May 18, 1996 "Toyta's U.S.
Suppliers Strain to Meet It's High Standards" Toyota CEO Hiroshi
Okuda complains that US built Toyotas slightly lag Japanese
built cars in quality afer disparities in ratings for J.D Powers
with the Avalon and Camry, which are built in Georgetown,
Kentucky.
@@Real Estate
The cell phone is always on. Seattle Times May 8, 1999 Top agents
make $1 million per day on 61 milllion in sales, but work 7 long days
a week on the cell phone. 1994 average earnings in WA $38,400 Wa
Center for Real Estate Research.
@@RECESSION
[[NET WORTH
DOC941\CAWEAL.TXT Big drop in CA net wealth
DOC941\CAWORTH.XLS Net worth in CA 88 and 92
@@retail
%%scale
NO DUH - SUPERSTORES SAVE CONSUMERS MONEY
\clip\96\09\bigsupr.txt November 25, 1996 Big Supermarkets Have Lower
Prices, Mayor Says New York Times By LYNETTE HOLLOWAY [N] EW YORK --
The Giuliani administration released the results of a survey Sunday
that it said showed large supermarkets had better prices than smaller
grocers, as it tried to demonstrate the benefits of its push to allow
superstores of all types to open around New York City. Comment -
protectionism of the few is harmful to the consumer, and why the US
economy is much more efficient than Japan which still tries to keep
out Toys R Us to protect the little guy.
%%wages
Median earnings of retail salespersons in 1997
p. 275 Occupational Outlook Handbook 2000-01 US Dept of Labor
Bureau of Labor Statistics January 2000 Bulletin 2520
$15.10 New used car dealers
$6.90 Department store
$6.70 Misc shopping goods store
$6.40 Family clothing store
$6.20 Women's clothing store
@@retire
%%age
RETIREMENT AT 60 UP FROM 33% IN 1900 TO 73%
\doc\96\01\retire.txt
Fortune July 24, 1995 US Bureau of Labor Statistics (read from chart)
Percent of men over 60 in the labor force
1900 67%
1930 65%
1960 45%
1990 27%
Percent of age group in labor force in 1994
45-54 M80% W72%
55-64 M62% W45%
65+ M16% W10%
%%average
John Greany's retire early home pafe
rehphone.tripod.com/re60.html
Hope to retire rich? Scott Burns Seattle Times Dec 1, 2002
255,119 threshold of poverty nest egg for couple - 10,715/yr
Vanguard groups - avg 47,980, median 15,360
65 and over - 117,643 median 41980
Average social security 882/month
Couple needs 418, single 252 to match ss
@@Rich
%%increase
NUMBER OF $1M RICH UP 16%/YR, $5M UP 46%
Reason Decmber 2000 p. 10
Spectrum Group says US millionaires grows at 16% per year.
In 1999 7.2M exceeded 1M in liauid assets, up from 3.4M in 1996.
@@Salary by Career
Salary Spectrum mid-late 1990s
--------------------------------------------
$154M Top 10 CEO earnings 2000
$63M Tiger Woods Golf 2001
$59M Michael Schumacher Motorsport 2001
$48M Mike Tyson 2001 Boxing
$24M Shaquille O'Neal LA Lakers 2001-02
$11M top Major League Baseball 1999
$10.5M 2001 Average top executive pay NYT 6/24/02
$2.6M average NBA 1998
$2.0M Michelle Kwan skater 2001
$1.5M average Major League Baseball 1998
$1.3M median NBA 1998
$1.0M top 1,200 Seattle software workers 1998 (11)
$900,000 average National Football League 1998
$287,000 Seattle average software worker 1998 (11)
$360,000 Dallas school superintendent, highest in US
$300,000 Kansas City Head Start CEO 2001
$200,000 Surgeon 1997 (3)
$200,000 Airline Pilot 1997 (3)
$156,000 Physician 1997 (3)
$144,700 Harvard full professor 2002 (16)
$137,000 US school dist superintendent over 25,000
$130,000 WA governor 1998
$118,000 GS-14 Customs P-3 Pilot 2001 (want ad)
$129,030 General Dentist US 2000
$115,900 U Cal Berkeley full professor 2002 (16)
$59-$109,000 Car sales want ad 2001
$100,000 Top auto mechanics Seattle 2000 (15)
$90,000 5th yr Farmers Ins Agent 1998
$90,000 Silicon Valley Software 1998 (7)
$85,000 Univ Chicago MBA median 2001 Business 2.0
$80,000 Halibut boat crew avg 2002 Fishing Vessel Owners Assoc
$77,000 GS-13 Customs P-3 Pilot 2001 under 40
$75,000 MBA degree (18)
$71,460 Private University Professor 2002 (16)
$70,000 Computer Engineer 1997 (3)
$65-70,000 Pharmacist Average 1997 (8)
$65,000 start 2001 U Wash comp sci grad 10-15k bonus (12)
$65,000 median seattle software worker 1998 (11)
$62,024 Public Univ Professor 2002 (16)
$60,000 Retired engineering professor 2004 (I met)
$61,403 computer game developer 2001 (15)
$60,000 U Washington MBA grad 2002
$60,000 Commercial helicopter 1999
$60,000 Management Consultant 1997 (3)
$45,000-$60,000 2004 Wash State Univ Nursing Grads starting
$59,280 Physicians 1998 (4)
$58,500 Lawyer 1998 (4)
$58,000 Lawyer 1997 (3)
$56,160 CompSci Grad 1996 Census (14) Highest UG major
$55,000 Pharmacist 1997 (8)
$55,000 U Wash Comp Sci grad 1998 (12)
$54,169 2003 Marysville teacher, 2nd highest in WA
$54,149 Boeing worker 1998 (10)
$55,172 Chemical engineer (4)
$53,443 2001 Computer eng grad Natl Assoc Colleges Employers (13)
$52,999 median engineering degree men over 30 1996(1)
$52,316 median math degree men over 30 1996(1)
$52,000 Financial Advisor 2000 USDOL
$51,844 Aerospace engineer (4)
$51,480 Pharmacist (4)
$50,460 Flight Attendent 2002 WSJ 2/3/04 BLS
$50,000 KingCo WA Librarian 2002
$50,805 median pharmacy degree men over 30 1996(1)
$50,000 15 yrs teacher Seattle, masters 90 credits
$49,016 Average FT nurse in WA
$49,608 Electrial Engineer (4)
$49,000 average WA aerospace wage 1995 (2)
$48,000 MBA before starting degree (18)
$45,000 start Los Angeles Police 1996
$43,000 median men with bachelor degree 1996(1)
$42,330 Sonographer 1999 US Bur Labor
$42,000 mech eng major 1996
$39,000 electrical eng / mech eng major 1996
$34,000 Seattle area workers 1998 (10)
$38,400 Real Estate Agent WA 1994
$37,642 US average teacher 1995 (9)
$36,367 Houston Teacher 2002 (17)
$36,000 computer sci major 1996
$34,000 "living wage" for parent plus 2 kids (6)
$36,000 Palm Harbor Homes factory worker 2001
$33,000 Farmers Ins Agent 1st year 1999
$32,000 18-24 with bachelors 2000 census
$30,000 US new/used car salesmen 1997 US Dept Labor
$32,000 nursing major 1996
$30,000 accounting major 1996
$30,000 starting auto tech 2000 (15)
$25,000 education major 1996
$25,507 US starting teacher 1995 (9)
$24,000 Gray Line Tour Bus driver start -$32k
$23,000 start Seattle teacher 1998
$22,000 journalism major 1996
$20,000 value of public assistance 1995 (5)
$16,240 1998 med guard, 12-26k
$15,770 2002 Waiter/ess WSJ 2/3/04 BLS
$15,000 starting helicopter pilot
$13,200 start Pan Am Flight Attendent 1996
$12,000 federal minimum wage 1997
Low paid jobs - us bureau labor statistics 2002
6.94 bartender
7.55 garden nursery worker
7.60 shoe sales
7.65 cashier
8.02 maid
9.65 messenger
9.69 bank teller
9.85 janitor
national seatimes 1/26/2003
%%Auto Mechanic
AUTO MECHANIC $30 TO $100K
z49\clip\2001\06\autotech.txt Copyright © 2001 The Seattle Times
Company Business & Technology : Sunday, June 10, 2001 By Terry Box
Dallas Morning News A starting tech is usually paid about $30,000 a
year and, "with modest ambition," can earn $50,000 annually in a few
years. Those willing to work hard can make more than $100,000 a year
%%Computer Science
(12) SeaTimes 5/13/2001 "Tougher Market for Tech Students"
(13) SeaTimes 5/20/2001 "Research pays off for tech grads" computer
engineering rise 14.3% to $53,443 avg, elect eng $50,850 National
Association of Colleges and Employers
COMPUTER SCIENCE IS HIGHEST PAYING UNDERGRAD DEGREE, ED WORST
z49\clip\2001\05\compsci.txt Computer Science Degree Pays Off 10 Apr
2001 WASHINGTON (AP) -- College graduates with engineering and
computer science diplomas get the best-paying jobs, while an
education degree yields the lowest monthly income, the Census Bureau
concludes. Full-time workers age 18 and older who graduated from
college with engineering diplomas made an average $4,680 a month in
1996, Education majors averaged $2,802 a month in 1996. The figures
were the latest available, and were based on a survey separate from
the 2000 Census.
%%flight attendant
\priv\96\20\fligattn.txt Pan Am pays $13,200 starting in 1996
%%police
starting varies from $35k in northern cities to $45k average in
LAPD.
%%Professor
(16) Survey finds rise in college faculty pay Seattle P-I
4/15/2002 Arlene Levinson AP
American Association of University Professors 2-4 yr colleges
3.8% raise over 2000-01, slightly higher than 1971-72
$71,460 private university
$62,024 public university
$55,346 religious affliated university
$144,700 full professors at Harvard
$115,900 U Cal Berkeley
%%sports
\clip\99\01\basket.txt NBA Labor Dispute Ends After 6 Months Short
Season to Start in February By Richard Justice and Mark Asher
Washington Post Staff Writers Thursday, January 7, 1999; Page A01
"NBA players have the highest average salary in professional sports
at around $2.6 million per player, far above the $1.45 million
average in Major League Baseball and the $900,000 average in the
National Football League. "
\clip\99\01\bask2.txt
http://www.nytimes.com/library/sports/basketball/010799bkn-labor.html
January 7, 1999 With Little Time on Clock, NBA and Players Settle By
MIKE WISE
" provided its players the highest average salary in pro sports, $2.6
million. It also achieved its stated priority of significantly
bettering the economic position of its middle-class players, those
making around the median salary of $1.3 million."
%%teacher
@@Skills
MOST NEW JOBS DON'T REQUIRE HIGH TECH DEGREES. "Don't Blame
Technology This Time" Bennet Harrison (benh@tiac.net) Technology
Review July 1997 p. 62 F062697. US Census Bureau survey of 3,000
companies nationwide finds that to fill new vacancies, companies
don't put priority on years of schooling, test scores or teacher
recommendations, but attitude, communication skills, recommendations
from employers. Michigan State U economist Harry Holzer found in four
metro areas, in jobs requiring math, reading, writing and computer
use, jobs didn't need more than high school diploma, some experience
or prior training and reference.
@@Slavery
z49\clip\2001\06\newslave.txt
Subject: [Upstream] Year: 2001 A.D. Slaves: 27 Million
http://www.smh.com.au/news/0106/04/pageone/pageone2.html
June 4, 2001
27 million slaves, and we look away
It is the dark underbelly of globalisation, a trade in human misery
and despair that has gone largely unnoticed. Beginning a major Herald
series, Mark Riley reports on 21st century slavery.
As many as 10 million children are believed to be working in bondage in
India, including about 300,000 in rug factories.
@@Software Jobs
%%Jobs
\clip\99\02\silvall.txt San Jose Mercury News January 9, 1999
Internet, software redefining Silicon Valley BY JONATHAN RABINOVITZ
Mercury News Staff Writer "software increased its total share of jobs
to 14 percent from 7.5 percent. And software employees continue to be
the most highly paid, with average annual wages of $90,380."
"Revenge of the Nerds" Business week June 16, 1997 p. 8 There are an
estimated 190,000 vacant jobs at large and midsize companies in
software. Many skip college now. 100 teenagers trained in computer
animation work at Hollywood studies. EDS in Herndon Va is
interviewing students with vocational training in network
adminstration. Trent Eisenberg 15 has a consulting firm in software
installation and setup. F061997
%%Profile
Guru's Gamble Business 2.0 July 2002
Guru has assessed character traits of workers in 95 different
jobs.
From chart:
----------------------------------------------
Corporate Executive vs. Software Engineer
Not at all - Average - Highly
Accomodating ---- ++
Creative ++ --
Independent +++++ --
Risk-taking ++++ --
Tactful -- --
Trusting + -
Versatile +++++ ---
Corporate executives are creative?
@@Spending (Household spending)
%%household
doc\96\01\housspnd.wk1 Source: Investor's Business Daily Jan 2,
1996 p. 1 Percentage of estimated average spending, by category, for
households in metropolitan areas, 1993
%%race
Wall Street Journal Sept 3, 1997 p. b1
Blacks and Hispanics Gain Spending Clout
Source: Selig Center for Economic Growth
University of Georgia
Disposable income
1990-1997
Race increase % share B dollars
total 41 100 5.7T
black 54 7.5-8.2 469B
hisp 66 5.2-6.1 348B
@@Stock Sales
z57\clip\2002\08\insale.txt
FROM http://online.wsj.com/article/0,,SB1029102020679872395,00.html?mod=Page%20One
Before Telecom Bubble Burst, Some Insiders Sold Out Stakes
IN Wall Street Journal, 12 August, 2002
BY DENNIS K. BERMAN
QwestCommunications International Inc. founder Philip Anschutz sold nearly
$2 billion of shares, and former chief executive Joseph Nacchio sold
about $250 million. Global Crossing Ltd. founder Gary Winnick sold
$734 million in shares on a $20 million investment.
@@Stock Valuation
US Leads Top 5 Largest companies, and 6 out of the next 10
in stock market valuation
Economist Nov 15, 1997 p. 109
Top 15 companies by market capitalisation
Oct 28th 1997 $bn (approx)
------------------------------
1. General Electric (US) $220
2. Microsoft (US) $160
3. Exxon (US) $150
4. Coca Cola (US) $140
5. Intel (US) $140
6. NTT (Japan) $138
7. Toyota Motor (Japan) $115
8. Royal Dutch Pet (Neth)$110
9. Merch (US) $110
10. Novartis (Swiss) $100
11. IBM (US) $100
12. Philip Morris $100
13. Proctor Gamble $100
14. Pfizer $90
15. Bristol Myers Squibb $90
Source: Morgan Stanley Capital International Database
@@Sports
Seattle Times Wednesday, June 12, 2002 WNBA players might strike in
'03; Union seeks better salaries, marketing rights By The Associated
Press and Bloomberg The WNBA rookie minimum salary is $30,000 for the
three-month season, and the veteran minimum is $40,000.
RODMAN SALARY WORTH UP TO 10.45M
Jet online: Rodman brings home $4.5 million base salary, could earn
another $5.95 million in incentives.
Feb 2, 1998 Chicago Bulls forward Dennis
"The Worm" Rodman is guaranteed a salary of $4.5 million, but he could
wiggle another $5.95 million into his pocket due in part to signing
the most incentive-laden contract in NBA history. According to the
Chicago Dennis Sun-Times, Rodman's base salary is $4.5 million, but it
could be worth $10.45 million with incentives.
Michelle Kwan - worth $2M / year
see
LA lesson on sports salaries
http://www.challenge.state.la.us/edres/lessons/HighSchool/lesson13.htm
mchesson@@allen.k12.la.us
Sports Salary Links
----------------------
Follow the link at the top of the page for National League salaries
Baseball http://www.usatoday.com/sports/baseball/mlbfs15.htm
z56\clip\2002\06\baseball.htm, baseam.htm
1999 top for each team $8-11M
average $1-2M
2001-02 salaries
http://www.usatoday.com/sports/nba/stories/2001-02-salaries.htm
NFL 1997 salaries http://www.usatoday.com/sports/football/sfn/afceast.htm NA
Hockey http://www.hockeynut.com/9899/salary1098.html
50 Top World's Athlete
http://www.robmagazine.com/sports1.html
1. Tiger Woods 63.1M
2. Michael Chumacher Motorsports 59M
@@Superpower
www.seattletimes.com
\clip\98\08\suppow.txt The Seattle Times Company Wednesday, April 15,
1998 800-pound gorilla? Like it or not, U.S. is THE top power by
R.C. Longworth Chicago Tribune The word is hegemon. Get used to it.
It means numero uno, Mr. Big, the 800-pound gorilla.
@@Taxes
%%Income
INCOME TAX WON'T FIX BUDGET SHORTFALL
z62\clip\2002\12\salestax.htm
Seattle Times Dec 5 2002
With or without income tax, most states mired in money woes "the Tax
Structure Study Committee, headed by Bill Gates Sr., recommended an
income tax for Washington, its main focus was easing the burden on
lower-income people, not raising more money for state government."
%%Payroll
PAYROLL TAXES BIGGER THAN INCOME TAXES, BUT WON'T BE CUT
Matthew Miller Seattle Times July 30, 1997 p. B6 Now payroll taxes
are 12.9% Social Security, 2.9% Medicare, they were only 3% in 1950,
now 15.3%. SS is capped at $65,000 of income, medicare applies to all
of income. Payroll taxes brought in 535 billion in income, nearly
equal to 670 billion in income taxes, and more when employer
contributions are taken into account. Only workers pay, the elderly
don't pay at all.
%%Rich
TOP 50% PAYS 95.8% OF TAXES Progressive Plunder How America's tax
system abuses the rich. Tuesday, February 6, 2001 2/6/01 WSJ
http://opinionjournal.com/editorial/feature.html "In 1998, the latest
year available from the IRS, the top 1% of taxpayers (with an
adjusted gross income of $269,496) paid 34.8% of federal income tax
revenue and the top 5% (with an AGI of $114,729) paid 54%; that is,
5% paid over half of all income tax revenues. Put another way, the
bottom 50%--fully half of taxpayers--paid only 4.2% of the tax take
while the top half accounted for 95.8%. Indeed, taxes on a typical
middle-income family have fallen to their lowest level in more than
20 years."
@@technology
\doc\96\01\multimed.txt "Multimedia access" Economist
Nov 18, 1995 p. 114 f012396 US is #1 in telephones,
televisions and personal computers per person in the
world. Japan is #2 in TV, but #7 in computers.
2 - Australia
3-6 France, Germany, Britain, Singapore
@@Top paying jobs
z75\clip\2003\10\topjob.txt
http://www.fastweb.com/fastweb/content/focus/story/3770.ptml
The 20 Highest Paying Jobs in the U.S.
-- by Ben Murray, Monster staff writer
According to the 2001 Occupational Employment Statistics Survey
conducted by the Department of Labor's Bureau of Labor Statistics
(BLS), the top 11 to 20 highest-paying professions in the US are:
1. Surgeons - $137,050/year
2. Obstetricians and gynecologists - $133,430/year
3. Anesthesiologists - $131,680/year
4. Internists, general - $126,940/year
5. Pediatricians, general - $116,550/year
6. Psychiatrists - $113,570/year
7. Family and general practitioners - $110,020/year
8. Dentists - $110,820/year
9. Chief executives - $107,670/year
10. Airline pilots, co-pilots, flight engineers - $99,400/year
11. Podiatrists - $95,500/year
12. Lawyers - $91,920/year
13. Optometrists - $88,100/year
14. Computer and information systems managers - $83,890/year
15. Physicists - $83,750/year
16. Air traffic controllers - $83,350/year
17. Petroleum engineers - $81,800/year
18. Nuclear engineers - $80,200/year
19. Judges, magistrate judges, magistrates - $79,540/year
20. Marketing managers - $78,410/year
@@trade, @@free trade
%%China
\doc\96\03\taiwtrad.txt "Power Politics: Battle of Taiwan Begins"
Seattle Times Feb 19, 1996 p. B5. In 1995, Taiwan bought 19 billion
from the US and sold 24 for a net deficit of $5 billion. China
bought 12 billion and sold 47 for a net deficit of 35
@@Traffic
2003 DOWNTURN: PARKING OCCUPANCY RATE DOWN 20%
z63\clip\2003\01\park.txt
http://seattletimes.nwsource.com
By Susan Gilmore
Seattle Times staff reporter
Fewer cars, more parking around town
We know that vacancies in downtown Seattle office buildings are high
and that traffic volume has dropped, but there's one more indicator
of how the region is reeling from the economic free fall: parking.
• In downtown Seattle, the 2002 parking occupancy rate was 63
percent, nearly a 20 percent drop from 1999.
@@training
\clipim\98\03\wha01.tif
"What works?" The Economist Ap 6th 1996 p19 training is often
ineffective. On the job training, eve, minimum wage appears to be
very effective. After 3 yrs of work, only 15% of minimum wage workers
were still at it, many as 2nd jobs only. German apprenticeship mdel
called "a broken model"More 199m going to university than dual ed
system. over half of uynemployed grads of dual ed system, benefit is
not skills but cheap half wage labor, but they are laid off at full
pay as germans stay home while immigrants build roads and houses.
OECD study of german training and retraining - no type of training
had any effext on unemployment.
http://www.arthurhu.com/index/economy.htm# unemployment
@@Unemployment
%%aid
http://workforcesecurity.doleta.gov/employ/wotcdata.asp
WHAT IS THE WORK OPPORTUNITY TAX CREDIT?
The Work Opportunity Tax Credit (WOTC), authorized by the Small
Business Job Protection Act of 1996 (P.L. 104-188), is a federal tax
credit that encourages employers to hire eight targeted groups of job
seekers
The new employee must belong to one of eight target groups:
A member of a family that is receiving or recently received Temporary
Assistance to Needy Families (TANF) or Aid to Families with Dependent
Children (AFDC),
An 18-24 year old member of a family that is receiving or recently
received Food Stamps,
An 18-24 year old resident of one of the Federally designated
Empowerment Zones (EZs) or Enterprise Communities (ECs),
A 16-17 year old EZ or EC resident hired between May 1 and September
15 as a Summer Youth Employee,
A veteran who is a member of a family that is receiving or recently
received Food Stamps,
A disabled person who completed or is completing rehabilitative
services from a State or the U.S. Department of Veterans Affairs,
An ex-felon who is a member of a low income family, and/or
A recipient of Supplemental Security Income (SSI) benefits.
%%general
UN SAYS WORLD UNEMPLOYMENT AT WORST CRISIS LEVEL SINCE DEPRESSION?
\clip\96\09\worlunem.txt AP Nov 25 1996 One Billion Global Unemployed
UN Labor organization says it has reached "crisis level not seen
since the great depression",and rebukes nations for dropping full
employment as a goal
e:\clip\96\03\job20.txt Date: Mon, 2 Sep 1996 Poll Says Most
Californians Happy With Jobs, But Jobless Rate Not Realistic SAN
FRANCISCO (AP) Official jobless rate is 7.1 % in CA in july, but
adding people who "would like to work", it would be 20%.
\clip\96\02\unem20.txt 7/29/96 Despite job-creation statistics, many
in their 20s can't find suitable work By Kara Blond Knight-Ridder
Newspapers (KRT). Unemployment is low, but young and minorities still
seek better jobs. Higher unemployment of minorities blamed on bias
rather than lower skills.
\doc\96\03\selfpity.txt "The Politics of Self-Pity" Newsweek Feb 26,
1996 p. 50 Robert J. Samuelson
Robert G Valletta of the Federal Reserve Bank of San Francisco
estimates firings account for 40% of unemployment compared with 35% in early 1970s.
Early 1980s, typical male worker changed jobs 8 times in a lifetime,
5 times before 34, now affecting higher income and older workers
Margaret McCarthy of the University of Maryland estimates imports cost
11.4 million jobs, exports create 10, gap of 1.4 million is only 1% of
125 million total jobs. Export jobs pay 13% above average wages.
In 1995, profits averaged 10% of sales, > 8.2 in 80s, but less
than 15% in 60's
US created 46 million jobs since 19770, 7 million since 1990
Neal rosentahal of Labor Department found well-paying jobs
grew slightly faster than low paying jobs
\doc\96\01\outone.txt "Out One Door And In Another" Business Week Jan
22, 1996 p. 41 f011596. Overall employment is up despite massive
layoffs.
\priv\96\01\worktake.txt US News and World Report 1/16/96 Cover Story
Median household income has been flat for 20 years, and workers' real
weekly wages have dropped $23 or almost 5 percent since 1979. Stories
of workers laid off who make less, blame NAFTA.
>>Moving on but not neccesarily up US News and World Report Oct 16,
1995. Census Bureau study: Dynamics of Economic Well-Being"
There were 7.5 million new workers or job changers, with
more at low and high ends and fewer in the middle (doesn't
that match the profile of immigrants?) Of those 25-69 who
changed full time jobs in 91-93, health insurance status
Men old 49 new 32 Women old 46 new 30 - on average job
changers lost health insurance.
"Schools Brief: One Lump or Two" Economist Nov 25, 1995 p. 67. Argues
that it is wrong to try to spread around a fixed number of jobs
instead of keeping everyone employed in an expanding economy, such as
shorter workweeks. Unemployment has dropped from nearly 10 to just
over 5 percent since the 70's despite immigration. "In the past,
demand- generating effects of new technology have always outweighed
the labour displacing effects" Another table shows shorter working
hours is linked with higher unemployment rates. F120695
\priv\95\17\unemsurv.txt UNEMPLOYMENT SURVEY Electronic Engineering
Times: Date: Oct 16, 1995 Issue 870, page 85 "electronics engineers
spent 84 weeks between jobs. About half the EEs were still out of work
at the time of the survey, this summer. Only one in five respondents
had become re-employed as an engineer, while 11 percent found
positions outside the profession. Another 8 percent became
self-employed, 5 percent retired and 8 percent found part-time work"
\doc\94\15\econunem.txt - Us more employed, but higher unemployment and
more inequality for those at the bottom
%%Japan
Japan historically has had miniscule unemployment rates compared to
the US, but matched US rate of 4.4% in 1998.
Wall Street Journal Dec 28, 1998 Sign of Changed Times: Japan's
Jobless Rate Rises to U.S. Level At record 4.4%
US Japan
1975 9 2.5
1980 7.5 2.8
1985 7.0 3.0
1990 5.5 2.5
1995 5.0 3.1
1998 4.4 4.4
%%Mid-Career
Mid career job seeking challenged Boston Globe June 1, 2003
Bureau of Labor Statistics
Average time out of work Q1 2003
18.4 weeks overall
22.4 45-54
25.1 55-64
%%Race
Most US labor figures don't include Asians, even though in many states
Asians outnumber blacks. In the UK, Chinese rates are very close to
white, but muslim South Asian rate are even higher than most black
groups.
BLACK UNEMPLOYMENT RATE GENERALLY TWICE THE WHITE RATE
http://www.imdiversity.com/villages/african/Article_Detail.asp?Article_ID=8835
In December 2001 the unemployment rate for black workers was 10.2
percent; up from 7.5 percent one year ago. However, for the white
population, unemployment was only 5.2 percent compared to 3.5 percent
one year ago.. Clearly, there is a problem if the unemployment rate
for blacks remains almost double that of the white population.
Note - no data published on Asian Americans!
ftp://ftp.bls.gov/pub/special.requests/lf/aat24.txt
HOUSEHOLD DATA
ANNUAL AVERAGES
24. Unemployed persons by marital status, race, age, and sex
Men Women
Marital status, race, and age Thousands of Unemployment Thousands of Unemployment
persons rates persons rates
2000 2001 2000 2001 2000 2001 2000 2001
Total, 16 years and over................ 2,954 3,663 3.9 4.8 2,701 3,079 4.1 4.7
Married, spouse present....................... 891 1,213 2.0 2.7 923 1,058 2.7 3.1
Widowed, divorced, or separated............... 400 472 4.4 5.1 553 628 4.2 4.7
Single (never married)........................ 1,663 1,979 7.6 9.0 1,224 1,393 6.9 7.7
White, 16 years and over................ 2,165 2,730 3.4 4.3 1,934 2,193 3.6 4.1
Married, spouse present....................... 706 969 1.8 2.5 755 846 2.5 2.8
Widowed, divorced, or separated............... 304 361 4.0 4.7 412 466 4.0 4.4
Single (never married)........................ 1,154 1,400 6.6 7.9 767 881 5.8 6.6
Black, 16 years and over................ 636 731 8.1 9.3 633 719 7.2 8.1
Married, spouse present....................... 127 161 3.7 4.5 114 126 4.0 4.4
Widowed, divorced, or separated............... 82 91 6.7 7.5 123 136 5.5 6.1
Single (never married)........................ 426 480 13.7 15.6 395 456 10.7 12.2
Total, 25 years and over................ 1,800 2,323 2.8 3.6 1,736 2,028 3.2 3.7
Married, spouse present....................... 841 1,145 2.0 2.6 817 957 2.5 2.9
Widowed, divorced, or separated............... 383 450 4.3 5.0 518 586 4.1 4.5
Single (never married)........................ 576 728 5.0 6.3 401 485 4.5 5.4
White, 25 years and over................ 1,343 1,753 2.5 3.2 1,266 1,477 2.8 3.3
Married, spouse present....................... 669 913 1.8 2.4 667 762 2.3 2.7
Widowed, divorced, or separated............... 289 344 3.9 4.6 383 432 3.8 4.2
Single (never married)........................ 386 496 4.3 5.4 217 283 3.6 4.6
Black, 25 years and over................ 360 438 5.6 6.7 380 430 5.2 5.9
Married, spouse present....................... 119 152 3.5 4.4 101 117 3.7 4.2
Widowed, divorced, or separated............... 81 87 6.7 7.3 118 130 5.3 5.9
Single (never married)........................ 160 198 8.5 10.7 161 183 7.0 7.7
WHITES AND CHINESE HAVE LOWEST UK JOBLESS RATES
Thanks to "John Taylor"
http://www.statistics.gov.uk/
http://www.statistics.gov.uk/STATBASE/ssdataset.asp?vlnk=6282
All working
age 16-24
White 4.7 10.9
Chinese 6.0 ..
Indian 7.3 18.4
Other 10.0 23.4
Other Asian 10.7 ..
Black Caribbean 11.6 23.7
Mixed 12.4 19.7
Black African 14.1 24.1
Pakistani 16.1 24.9
Black Other3 16.4 ..
Bangladeshi 21.3 36.9
%%Recession
UNEMPLOYED DOUBLE FROM 01-02 IN SEATTLE
57\clipim\2002\08\08\unem\unem.htm
http://seattletimes.nwsource.com/html/businesstechnology/134508986_benefits08.html
Money, time running out for many local jobless
By Shirleen Holt
Seattle duration June 2001 15.4 wks June 2002 18.5
Collecting 102,522 6-01 202,167 6-02
One in four people on unemployment have exhausted the 30 weeks of
regular benefits and are now drawing on emergency extensions, which
themselves can last up to 35 weeks,
%%Statistics
Unemployment vs. Education by race/ethnicity
7. Employment status of the civilian noninstitutional population 16
to 24 years of age by school enrollment, educational attainment, sex,
race, and Hispanic origin
ftp://146.142.4.23/pub/special.requests/lf/aat7.txt
---------------------------------------------------
Education Percent
Less than a high school diploma....| 22. 1
High school graduates, no college..| 12.1
Less than a bachelor's degree......| 6.9
College graduates..................| 5.4
Black White Hisp
Less than a high school diploma....| 43.0 18.5 17.7
High school graduates, no college..| 23.0 9.9 13.4
Less than a bachelor's degree......| 13.3 5.9 9.7
College graduates..................| 5.3 5.3 8.0
Note that hispanic dropout employment rate is better than white, but
black is much worse than white, but black college graduate rate is as
good as white, but hispanic rate is worse.
------------------------------ Gap----
5.3 Black College Grad 0 yrs
5.3 White College Grad
5.9 White < Bach Degree
9.9 White H.S. Grad No Coll
13.3 Black < Bach Degree 2-3 yrs
18.5 White < HS Diploma
23.0 Black H.S. Grad No Coll 2-3 yrs
43.0 Black < HS Diploma
UNEMPLOYMENT IS HIGHER FOR LESS EDUCATED
ftp://146.142.4.23/pub/news.release/empsit.txt 2/98
Not seasonally adjusted(1) Seasonally adjusted(1)
Educational attainment
Jan. Dec. Jan. Jan. Sept. Oct. Nov. Dec. Jan.
1997 1997 1998 1997 1997 1997 1997 1997 1998
Less than a high school diploma
Unemployment rate.................. 10.4 7.7 8.4 8.9 8.0 7.7 7.5 7.6 7.2
High school graduates, no college(2)
Unemployment rate.................. 5.3 3.9 4.7 4.4 4.2 4.2 3.8 4.1 3.9
Less than a bachelor's degree(3)
Unemployment rate.................. 3.9 3.1 3.5 3.5 3.2 2.9 3.1 3.2 3.2
College graduates
Unemployment rate.................. 2.2 1.6 2.0 2.1 2.0 1.9 1.8 1.8 1.9
1 The population figures are not adjusted for seasonal variation, therefore, identical numbers appear in the unadjusted and
seasonally adjusted columns.
2 Includes high school diploma or equivalent.
3 Includes the categories, some college, no degree; and associate degree.
WA cycle from 4% to 8%
\doc\web\98\04\waunem.wk1
Mild weather spurs growth
Seattle Post Intelligencer Mar 18, 1998 D1
Yearly Average Wa Unemployment Rates
1990 4.9 ++++
1991 6.3 ++++++
1992 7.5 +++++++ <--Peak 1992
1993 7.5 +++++++
1994 6.4 ++++++
1995 6.4 ++++++
1996 6.5 ++++++
1997 4.8 ++++
February
1997 6.0%
1998 5.1%
%%outcomes
ONLY 21% STILL COMPLETELY UNEMPLOYED AFTER ONE YEAR
Business Week Sept 17, 2002
Status in early 2000 of full time who lost jobs
in 1997-98
21% umemployed or left labor force
41% working full time at equal or higher pay
26% working full-time at lower pay
11% working part time or self-employed
U.S.Labor department
@@Venture Capital
Top states by investment dollars
Seattle Post Intelligencer 4/26/04
@@wages
%%world
Labour costs
The Economist April 27th 1996
Germany top $32 per hour 1995
US only about $20.
\clipim\99\05\labor.tif
US $20
%%high tech
Earnings gap Seattle Post Intell Dec 6, 2001 Washtech study says
average wage info tech 237,749 in 1999, but 90% made less. Median
Wash worker $15.19/hr computer service $31.16/hr top 10% 79, bottom
10% 14.44
%%living
\priv\96\20\famwage.htm Seattle Times June 9, 1996 The living wage
gets more scarce by Mary Ann Gwinn Seattle Times business reporter
Claims jobs in Washington have gone mostly to lower paying jobs, only
few high quality jobs with little inbetween
Change in real income in Wa State by education 1980-1990
18% Grad or professional degree
4% Masters degree
-4% Bachelors's degree
-5% Some College
-12% High School graduate
-27% Less than HSG
Change by age
-3% 55-64
-1% 45-54
-6% 35-44
-9% 25-34
-19% 20-24
Source: Washington state office of Financial Management
Note - depends on faulty inflation guage and does not take into
account quality of goods or technology that did not exist in 1980.
\doc\96\03\usbetter.txt "Group Says U.S. Workers Are Better Off Than
Thought" New York Times April 19, 1996 p. C1 The National Association
of Manufacturers says that when problems with government reporting of
inflation are corrected for, wages have not stagnated, but risen 15%
since 1979. The economy has created 8.4 million jobs since 1992. The
real problem is that a typical family paid only 20% of wages for
state and federal taxes in 1955 compared to 37% today.
>>\priv\96\05\hipay.doc - high paying jobs are growing the fastest
\doc\96\02\boeing.txt
"Boeing Engineers To Vote On New Pact" Aviation Week Jan 15, 1996 p. 37
Engineer current average salary = $53,915, $64,000 in 4 yrs
Technician current average salary = $40,080, 47,575 in 4 yrs
Time July 22, 1996: Machinists make $50 an hour including fringe.
\priv\96\02\wagecost.htm - Germany, Japn and
other European nations have higher manufacturing
wage costs than the US
@@Wal-Mart Stores
The Wal-Mart Effect SeaTimes oct 21, 2003 A3 Average wm shopper is
$1,000 under median $42,000 US income. #1 retailer, as much as next 4.
"without Wal-Mart, the US would be in a deep recession". By using
computers, increased US labor productivity gains.
US Employees 1990=250,000+, 1996 over 700,000
Average hourly wage $7.50, $10 with benefits
WAL-MART UBER ALLES
Prices and clout push Wal-Mart to the top Seattle Times Leslie
Kaufman (NY Time) Oct 22, 2000 front Wal Mart will soon exceed
General Motors as #1 sales in US, passing Gen Motors. It drives
suppliers to lower costs, sometimes creating or promoting new brands
to leadership. Slammed for labor, competitive tactics, but they say
they've raised living standards for working people. Put pressure on
not just mom and pop downtown, but large businesses like K-Mart.
@@Wealth
%%Age
WEALTH PEAKS AT 55-60
Marketers Mine for gold in the old peter Petre Fortune March 31, 1986
Median wealth peaks at around $65,000 when head is between 55 and 65.
Per capita income peaks ar 55-60 at $11,650. They outnumber yuppies 4
to 1 and control half of discretionary dollars. Over 50 control $7
trillion in wealth, 70% of net wealth.
@@Wealth of Nations
\clipim\98\01\gap1.tif, gap2.tif
The Wealth and Poverty of Nations Why Some are So Rich, And Some So
Poor David S. Landes, WW Norton and Co. $30. New York Times Book
Review: March 15, 1998. The Gap by Andrew Porter. Author says that
industrial revolutions, and cultures that support it are the main
reason industrialized nations are so rich, and the ones that aren't
are so poor. It's not racism, exploitation, disease, or colonization
(though those things happened, and were very bad). It's not natural
endowments. "In the pursuit of wealth, failure or success is
ultimately determined from within, not imposed from the outside.
"Readers cannot be but provoked and stimulated by this splendidly
iconoclastic and refreshing book" [Can this also be applied to
achievement in education as to why achieve at such high levels and
some don't, in rough proportion to degree of industrial development
of cultures?]
@@Work, Amount
\clip\97\17\work.txt Business Week July 14, 1997 IF EUROPEANS WORKED
MORE... They'd reach U.S. living standards The Europeans make less
because they have higher unemployment and work fewer hours. The
Japanese do well because they work more hours and have less
unemployment.
A G7 Economic Scorecard PERCENT OF U.S LEVEL 1995
GDP PER:
HOUR CAPITA
Britain 84 71
Canada 85 79
France 102 78
Germany* 101 82
Italy 90 72
Japan 68 82
U.S. 100 100
*West Germany
DATA: CONFERENCE BOARD
@@World
The United States no longer has the highest per capita income, but no
major power has a higher standard of living measured by equal
purchasing power and overall standard of living.
%%government
"Reasons for worry" The Economist March 1st 1997 p. 56
(Estimated from chart)
Primary government spending %of GDP 1996
58% Sweden
50% France
47% Belgiuim
47% Germany
41% Italy
39% Britain
39% Spain
31% Japan
30% USA
General government outlays less debt interest payments
%%Income
If you take purchasing power into account, the United States
is #1 major power, or #2, ahead of Japan
US is #2 by purchasing power
\doc\97\03\gdpasia.txt
chart \clip\97\09\gdpasia.gif
"The Asian Miracle" The Economist March 1st 1997 p. 23
"Going around the bend"
1995 GDP per head at purchasing power parity
$26,000 United States
$23,900 Hong Kong
$22,600 Singapore
$19,400 Rich Industrial Nations
$13,200 Taiwan
$10,400 Malaysia
$8,000 Thailand
$3,800 Indonesia
$3,100 China
$2,800 Philipines
Sources: IMG; ING Barings; national statistics
"Reasons for Pride" Economist March 1st 1997 p. 55
Source: IMF
GDP, 1950=100
France 500
United States 400
Britain 300
%%Opinion
POLL SHOWS AMERICANS THINK FREE TRADE COSTS JOBS AND WAGES Business
Week online Sept. 11, 1997 BW/HARRIS POLL: FREER TRADE GETS AN
UNFRIENDLY RECEPTION 40%/17% believe it lowers/raises wages, 54%
oppose extending NAFTA, 87% say trade deals should protect the
environment, 73% should raise labor standards, 56/37
decrease/increase jobs Survey of 1,010 adults conducted Sept. 3-7,
1997, for BUSINESS WEEK by Louis Harris & Associates Inc.
%%Respect
z48\clip\2001\03\britresp.txt See figures in chart in original:
http://www.telegraph.co.uk:80/et?ac=004635013224328&rtmo=Vk1PxPlx&atmo=rrrrrrrq&pg=/et/01/3/26/npoll26.html
filed:z48\clipim\2001\03\26\respect\respect.htm
The Electronic Telegraph ISSUE 2131 Monday 26 March 2001 Hostility
deepens to our EU neighbours By Philip Johnston, Home Affairs Editor
z48\DOC\WEB\2001\03\respect.wk1worksheet
European Respect Survey: World class is -- American!
The study, by Young and Rubicam, the advertising agency, compared the
changing attitudes of 40,000 citizens in a dozen European countries
between 1994 and 2000.
based on table as appeared in Electronic Telegraph ISSUE 2131 Monday
26 March 2001 Hostility deepens to our EU neighbours By Philip
Johnston, Home Affairs Editor
Analysis by Arthur Hu Kirkland WA 2001
Summary: Overall, the US is the winner, with britain winning highest
average marks between the 3 most prominent nations. Germany, Russia
and South Africa scored at the bottom Japan scored below average,
despite or perhaps because of its economic competitiveness. The
world says that world class is American. So when you have a
commission come to town saying that we have to restructure society to
meet new world class standards, Americans already lead the world as
most respected nation. And note that Marc Tucker's workforce training
model which is driving standards based testing and reform is based
heavily on Germany, which was the bottom ranked nation on this survey.
Attitudes of European citizens in 1994 and 2000
Average of UK, Germany, France in 2000
for:
1USA 96.67 USA! WE'RE NUMBER 1 YOU CAN KEEP "WORLD CLASS"
2UK 95.00 BRITS STILL #2 EVEN IF THEY DON'T CONTROL THE WORLD
3Australi 93.00 G'DAY MATE CROC HUNTER & HOGAN RATE #3
4France 90.33 FRENCH ONLY AT 4 FOR SUCH A SNOBBY BUNCH
5Italy 87.00 FIATS AND FERRARIS AT 5
6Canada 86.67 NICE GUY SOCIALISTS AND SHUTTLE ARM RATES 6
7Spain 83.33 SPAIN AVERAGE AS "HISPANIC" MEANS "DISADVANTAGED" IN US
8Holland 82.67 WOODEN SHOES AND CLEANSER AT 8
9Japan 81.33 JAPAN BELOW AVERAGE, HONDA AND SONY GO HOME!
10China 78.00 POOR, BUT WE'VE GOT 4 OSCARS, TRAIL JAPAN BY JUST 1
11S Africa 73.33 AT LEAST WE'RE IN A GOOD LIST
12Russia 68.00 DOWN AND OUT BUT AT LEAST WE'RE AHEAD OF THE GERMANS
13Germany 60.67 WHAT DID WE EVER DO BESIDES NEARLY DESTROY THE WEST?
%%unemployment
"Reasons for Shame" Economist March 1st 1997 p. 55
Unemployment, standardized rates
France 12.4
Britain 7.5
United States 5.3
%%wealth
\doc\96\02\worlweal.wk1 - World countries ranked by wealth including
natural resources. Jeffrey Sachs of Harvard U notes from 71 to 89 of
the top 18 developing nations measured by growth rate, only 2 were
rich in natural resources.