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Zuckerberg's 2013 Salary: $1

Follows in Steve Jobs' footsteps

(Newser) - Steve Jobs did it; Google founders Sergey Brin and Larry Page did, too. Now Mark Zuckerberg is joining the ranks of the $1-a-year CEOs, Bloomberg reports. That's what the Facebook boss earned in salary last year, compared to $503,205 the year before. The low salary shouldn't hurt... More »

Obama Goes It Alone to Expand Overtime Pay

Aims to limit exemption for 'executive or professional' workers

(Newser) - President Obama is acting to ensure overtime for millions of workers who may currently be working the hours without getting the pay. As it stands, workers ranging from fast-food managers to computer experts may be labeled "executive or professional" by their employers; that designation lets their bosses avoid paying... More »

Congressman Whines He's 'Stuck' With 6-Figure Salary

'I'm stuck here making $172K,' Rep. Phil Gingrey reportedly said

(Newser) - The latest politician to have his name splashed across national news over something he said is Georgia Rep. Phil Gingrey, who is finding himself under fire following a meeting of congressional Republicans yesterday. On the table was the ruling that allows federal lawmakers and their staffers to get a health... More »

Your Salary Is Just a Fraction of What You Make

That fraction being about 1/2: Tax Policy Center experts

(Newser) - Howard Gleckman has a news flash for you: You make far more money than you think you do. Writing for the Christian Science Monitor , the Urban-Brookings Tax Policy Center fellow isn't arguing that you're reading your paycheck stub wrong. Rather, the number on that stub is only the... More »

Booz Allen: Snowden Is Fired, Didn't Make $200K

Company says NSA leaker's salary was $122K

(Newser) - If nothing else, you can certainly say it wasn't a moment too soon. Resoundingly slamming the barn door after a certain pony fled to Hong Kong, Booz Allen has fired Edward Snowden , the company announced in a one-sentence statement today. "Snowden, who had a salary at the rate... More »

Public University Presidents Rake in Millions

Disgraced former Penn State boss Graham Spanier leads the pack

(Newser) - Last year, four public university presidents boasted compensation of more than $1 million, a study finds. At the top: Graham Spanier, the former Penn State president driven out by the Jerry Sandusky sex abuse scandal. Spanier made $2.9 million in the 2011-2012 fiscal year; part of that was his... More »

Congress Is So Awful Because It Needs a Raise

Daniel Schuman: If we want good lawmakers, we need to pay them more

(Newser) - File this one at the opposite end of the spectrum as "throw the bums out." Daniel Schuman argues at Slate that we need to give Congress a hefty raise. The workload is way up thanks to slashed staffing levels, while salaries are way down relative to previous decades.... More »

Forget Execs: Fannie-Freddie Middle Managers Earn $205K+

About 1/6 of their workforce is making big bucks

(Newser) - If wild executive pay makes your list of "things to be depressed about," steel yourself: A new report on Fannie Mae and Freddie Mac will add the non-executive class to your register of woes. The inspector general's report, out today, looks at the 2011 pay of senior... More »

New US Jobs Pay Less Than Those Lost

We're suffering 'good jobs' deficit: analyst

(Newser) - Yes, the economy's been adding jobs—but they don't match the pay of jobs that disappeared starting in 2008, a study by a liberal activist group finds. Some 60% of jobs lost between 2008 and 2010 were in the middle third of wages; these included jobs like manufacturing,... More »

Surprising Jobs That Earn 6 Figures

Elevator repairmen make the list

(Newser) - It's not just investment bankers, doctors, and the Waltons who earn sizable salaries. Forbes has compiled a list of 20 surprising occupations that pay out more than $100,000, at least for those in the top 10% of their professions. A sampling: More »

What Defines Success? Salary of $50K-$70K a Year

Majority of workers says fewer than six figures equals success: survey

(Newser) - Most Americans don't think they need to make six figures to be successful. A new poll of 5,772 workers found that a little less than 30% would define success as raking in between $50,000 and $70,000 a year; another 23% said they'd be happy with... More »

Female Doctors Earn $365K Less Than Men Over Career

One possible reason: They don't negotiate for raises

(Newser) - The gender wage gap exists even among top physicians. While analyzing a group of 800 doctors who won a competitive research grant, researchers from the University of Michigan and Duke were surprised to discover that the female physicians in the group earned on average $12,194 less a year than... More »

Firm Posts Job Opening for Lawyer—Salary $10K a Year

And plenty of people apply...

(Newser) - Just how bad is the job market for young people? So bad that a Boston law firm recently posted a job for a new, full-time associate that's expected to pay just $10,000 a year, WBZ reports. That might be less than minimum wage, but the firm, Gilbert &... More »

Actually, You Only Need $50K Per Year to Be Happy

New poll finds those who make less aren't as satisfied

(Newser) - Good news for those of you not quite making $75,000 per year : A new study finds that an annual income of just $50,000 is enough to inspire happiness. A previous study put the magic happiness number at $75,000, finding that even Americans making significantly more than that... More »

Wages of Young Workers Declining

They're down over the last decade, in contrast to overall numbers

(Newser) - The group getting hit the hardest by plummeting wages caused by high unemployment is the young. The hourly pay for male college graduates ages 23 to 29 fell 11% over the past decade to $21.68 while their female counterparts saw a dip of 7.6% to $18.80, reports... More »

10 Jobs That Pay Less Than You Think

Family therapists, models generally make under $50K: Forbes

(Newser) - Just because a job sounds interesting, complicated, or intriguing does not mean it pays a fortune. Forbes uses Bureau of Labor stats to round up what it views as the 10 "most surprisingly low-paying jobs," including: More »

Rolls-Royce Hires in—Get This— High-Wage Countries

Industrial giant ignores wisdom of rivals

(Newser) - The British industrial behemoth Rolls-Royce is increasing its revenue by way of an unorthodox strategy: moving operations into high-wage countries with highly skilled workers. The plan contradicts the wisdom of rivals, who are moving production into low-wage areas in Asia and Latin America, reports the Wall Street Journal . The tactic... More »

DC Overtakes Silicon Valley in Household Income

Typical home pulls in about $84,000

(Newser) - Our nation's capital city boasts the highest average income in the country, reports Bloomberg . New census statistics show that a household in the DC metro area typically earns $84,523, compared to the national median of $50,045. The booming salaries are explained by a dense concentration of lobbyists,... More »

Calculate Where You Are in the 99%

'Wall Street Journal' offers a quick calculator

(Newser) - Just how strongly do you identify with the "We Are the 99%" slogan? It's the Wall Street Journal to the rescue, with a nifty little tool that allows you to plug in your salary and see what percentile you're in. (It's based just on salary, not... More »

GOP Rep: My $174K Salary Ain't Worth This

Fla. congressman complains about lousy pay for dangerous job

(Newser) - A freshman GOP rep from Florida is taking some heat after suggesting his salary isn't worth the dangers of his job in the wake of Gabrielle Giffords' shooting, the loss of income from his family business, and the lack of free health care. “They’re shooting at us.... More »

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