...five years into an economic recovery that has been notable for resurging corporate profits, the number and quality of jobs are still lagging badly, as are wages and salaries.
In 2013, after-tax corporate profits as a share of the economy tied with their highest level on record (in 1965), while labor compensation as a share of the economy hit its lowest point since 1948
. Wage growth since 1979 has not kept pace with productivity growth, resulting in falling or flat wages for most workers and big gains for corporate coffers, shareholders, executives and others at the top of the income ladder.
Worse, the recent upturn in growth, even if sustained, will not necessarily lead to markedly improved living standards for most workers.
Wages and Salaries Still Lag as Corporate Profits Surge
By THE EDITORIAL BOARD
New York Times
AUG. 31, 2014
See, the sad story is that not everyone gets to be a bestselling author, a famous musician, an engineer, an astronaut, a high-priced lawyer, a multimillionaire playboy, or any of the other many dream jobs out there. Most of us are mediocre folks who will have to settle for a regular old job that just pays the bills. And no one ever tells you that growing up.
The secret to success is finding something you enjoy in whatever drudgery you end up in, I think. Find a talent that only you possess. Maybe you're the fastest folder on the sales floor. Maybe you can instantly find whatever you're looking for in the stack of paperwork piled on your desk. Maybe you're the only one in your office that has a collection of peanut sculptures. Who knows? It's what makes the day go by.
I Should Have Never Followed My Dreams
By David Sobel
Salon via AlterNet
…while it certainly takes resources to address homelessness, it may cost more to do nothing at all. The costs of putting the homeless in jail for violating ordinances or putting them in the hospital for emergency care are three times as expensive as helping them find a place to live. One Florida county spent more than $5 million over a decade jailing just 37 homeless people; on the other hand, one apartment complex for the homeless in North Carolina saved $1.8 million in its first year.
BY BRYCE COVERT POSTED ON AUGUST 28, 2014