May

30

The Census released its 2011 non employer business statistics today.

The average annual intake before expenses ("receipts") for the people unable to hold down a job was $44K.

The bell in the curve has cracked.


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3 Comments so far

  1. Ed on May 30, 2013 8:01 pm

    “The overall median income for all 155 million persons over the age of 15 who worked with earnings in 2005 was $28,567″

  2. vincenzo on May 30, 2013 9:39 pm

    What does it mean exactly? What would be the taxable income (very roughly) corresponding to that receipt?

  3. Craig Bowles on June 8, 2013 3:43 pm

    USA Today: Overall, federal workers earned an average salary of $67,691 in 2008 for occupations that exist both in government and the private sector, according to Bureau of Labor Statistics data. The average pay for the same mix of jobs in the private sector was $60,046 in 2008, the most recent data available.

    Pay would certainly push folks to favor big govt.

    One reason many people don’t mind communism/socialism is they aren’t working. 58.6% of the working age population works. Of that, close to 22 million work for the govt. The amount of people not working combined with those working for the govt is 4 million more than the people who work for the private sector. If you can’t find work or are already working for the govt, capitalism maybe isn’t such a big deal right now and social programs might seem worth giving up some rights. With the majority now in that boat, anything is possible. Civil war cycle peaks in 2030.

    It would seem reasonable that relative pay in the public sector is a big driver of a country’s future competitiveness. Wonder what country has the lowest public sector pay vs private?

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