More bad news for college grads and parents about to plunk down thousands in tuition: Salaries for workers with bachelor's degrees began steadily declining even before the recession. An analysis by Jared Bernstein, an economist and blogger, shows that the Great Recession accelerated the decline in income --... Read More »
By Tami Luhby
NEW YORK -- Stuck in a job with lousy pay? Better get used to it.
Some 28 percent of workers are expected to hold low-wage jobs in 2020, roughly the same percentage as in 2010, according to a study by the Economic Policy Institute. Read More »
By Martin Crutsinger
WASHINGTON -- Americans' income rose in December by the most in nine months, a hopeful sign for the economy after a year of weak wage gains. But consumers didn't spend any more than they had in November. Instead, they ended up saving all their additional income.
Economists noted that... Read More »
For many Americans, showing up for work each day ensures a steady paycheck and the means to pay bills and other necessities and comforts of life. But while money is a motivating factor for many employees to go to work, it isn't the main driver for how well they perform their jobs, a recent survey... Read More »
Three years ago, if you were to ask Americans what the strongest social conflicts were in this country, the divide between immigrants and native born Americans would have ranked at the top. But today, hostilities between the rich and the poor has taken that spot, beating out both racial and immigration-related... Read More »
A new survey of New York City taxi passengers shows that a majority of them earn at least $50,000 a year, and yet a significant number of them say the cost of a cab ride is too high.
Results of the electronic survey, begun in October, so far show that 42 percent of passengers earn more than $100,000 a year... Read More »
By Christine Armario
MIAMI (AP) -- By day, Wade Brosz teaches American history at an A-rated Florida middle school. By night, he is a personal trainer at 24 Hour Fitness.
Brosz took the three-night a week job at the gym after his teaching salary was frozen, summer school was reduced drastically, and the... Read More »
Ahhh, discretionary income. What most Americans wouldn't do to have more of it. It's the amount of money we have left over after paying for life's necessities -- food, clothing, shelter -- that goes toward buying fun stuff, such as iPads, vacations, jewelry or new cars, and more serious things, such as health... Read More »
By Tom Raum
WASHINGTON (AP) -- Fifty percent of U.S. workers earned less than $26,364 last year, reflecting a growing income gap between the nation's rich and poor, the government reported Thursday.
There were fewer jobs, and overall pay was trending down - except for the nation's wealthiest. The number of... Read More »
By Nancy Mann Jackson
Last month, more than 165,500 people were laid off in the United States, according to a report released last week by the U.S. Bureau of Labor Statistics. Many of those job losses were part of mass layoffs; some 391 mass layoff events were reported in the manufacturing sector alone. A... Read More »
At least along some measures, the economy is back to its pre-recesssion state. According to a new survey by CareerBuilder, 42 percent of workers report that they usually or always live paycheck to paycheck, falling 1 percent from last year in a return to 2007 levels.
The picture is less pretty for women,... Read More »
How to tell if you're being realistic about what you should be earning
Everyone is pinching pennies these days, including employers. Hiring freezes, lower salary offers to new hires and smaller raises for existing employees have become commonplace. The unfortunate effect of all of this, is that many workers will... Read More »