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Saturday, September 22, 2012

The Poor Do Have Jobs

Millions of poor Americans who don't pay federal income taxes actually do have jobs.
They just don't earn enough to pay taxes
 More
Also:
Unemployment for adults between 20 and 24 is 14%, compared to the national average of 8.1%. But even those with jobs are facing something without modern precedent: Steadily falling annual earnings (graph via Progressive Policy Institute).
Real earnings for young grads with a college degree have now declined for six straight years. "Real average earnings for young grads have fallen by over 15% since 2000, or by about $10,000 in constant 2011 dollars," PPI reports.

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