salary

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Italian Parliament's Barbers See Pay Cut—to $125K

It's proof of 'unjustified privileges,' says civil servants union

(Newser) - In Italy, the average nurse earns about $30,000 a year . A high school teacher typically brings home about the same, PayScale.com reports. The barbers who snip the hair of Italy's members of parliament? Well, they rake in just a bit more: $125,000 a year—and that'... More »

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 »

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