Category Archives: Economy

And another thing…

They’re not just for the wealthy

Is a living wage a pipe dream?

Rep. C.W. Bill Young (R-FL) recently told a young man to get a job, when the young man told him he already had one, but it did not pay enough to support him.

Rep. Young had been asked if he’d support a bill proposed by Rep. Jesse Jackson Jr. (D-IL) that increases the federal minimum wage to $10. Here’s more on the minimum wage, which in Connecticut is $8.25. Even at a $1 more than the current federal minimum wage, the Connecticut Housing Coalition says the housing wage in the state — what a person must earn in order to afford a clean and safe two-bedroom apartment — is $23.58. No way can minimum wage in this state be considered a living wage.

You can read more about the state’s housing wage here: CT2

And thanks, DickG., for the link.

Uh-oh. Ten states where wages are falling.

(Check out No. 3.)

Sacred economics

For more on Charles Einstein, go here.

How your view of God shapes your view of the economy

From Paul Froese, at Religion & Politics:

…economic perspectives are indelibly tied to religious cosmologies. Voters need not choose between God and mammon. Instead, they tend to see their money, the market, and the economy as a reflection of their God.

And thanks, Leftover, for this link.

Forced early retirement may be driving up Social Security claims

Older workers who are edged out of the job market to make way for younger, lesser-paid employees are drawing on their Social Security benefits earlier than expected.

From MercuryNews.com:

According to an analysis by Steve Goss, chief actuary for the Social Security Administration, about 200,000 more people filed initial claims in 2009 and 2010 than the agency had predicted before the recession and he said the trend most likely continued in 2011 and 2012, though that is harder to quantify. The most likely reason is joblessness.

And thanks, DickG., for the link.

Underemployment v. unemployment in one handy picture