A majority of Americans make less than $20 per hour

[Street Knowledge]

A majority of Americans make less than $20 per hour

WASHINGTON (MarketWatch) — Where do you fit on the earnings scale?

According to data compiled by Goldman Sachs, most American workers earn below $20 per hour. Goldman Sachs economists David Mericle and Chris Mischaikow crunched Labor Department data that is used to generate the monthly jobs report that the market closely watches, in particular from the survey of employers.

The chart, shown above, shows that 19% of workers make less than $12.50 per hour, 32% of workers make between $12.50 and $20 per hour, 30% make between $20 and $30 an hour, 14% make between $30 and $45 per hour, and 5% make over $45 an hour.



The economists also found that, while wage growth has been soft, the fastest growth in income has come to the lowest-paid workers.

And they found that the biggest driver to income growth has been rising employment, with help from rising wages and more hours worked.

http://www.marketwatch.com/story/a-majority-of-americans-make-less-than-20-per-hour-2014-11-14

 

[DEAD7]

what should we do about it?

 

[concise]

51%

 

[FAH1223]

Brehs, I'm making $20 at my 9-5 (its salary not hourly but that's what it is) plus a yearly bonus

Thank God for having a job but its amazing how the different tiers are in different worlds

 

[DEAD7]

Brehs, I'm making $20 at my 9-5 (its salary not hourly but that's what it is) plus a yearly bonus

Thank God for having a job but its amazing how the different tiers are in different worlds

I'm near the ceiling where I work, and I'm making just over what these coli cert niqqas claim to make starting out.

 

[hayesc0]

$13.80 at my job garmin product support not as much as I would like but there is alot of room to grow.

 

[The Realist Perspective]

Ya don't...saaaaay

 

[The Realist Perspective]

I'm near the ceiling where I work, and I'm making just over what these coli cert niqqas claim to make starting out.

How much is that?

 

[DEAD7]

How much is that?

between 45-48k a year

 

[The Realist Perspective]

between 45-48k a year

You look relatively young. How old are you making that kinda dough

 

[DEAD7]

You look relatively young. How old are you making that kinda dough

32, and trust me when I say, the more money you make, the more you realize how little you make...

 

[JahFocus CS]

between 45-48k a year

For 60-70 hour work weeks breh?

 

[DEAD7]

For 60-70 hour work weeks breh?

?

 

[Mr210]

I make more than that with my new job...before that I was making $19

 

[Master Teacher]

a barber can make 20 bucks an hour, damn

I remember when I use to think 100,000k a year was a lot

but you have to realize your living habits dictate how much struggle