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Congress Is So Awful Because It Needs a Raise

OPINION

Apr 2, 2013 12:14 PM CDT

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....

1K Fannie, Freddie Workers Earn More Than $205K

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

new report

Dec 10, 2012 10:30 AM CST

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...

New US Jobs
Pay Less Than
Those Lost

study says

Aug 31, 2012 11:43 AM CDT

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,...

Surprising Jobs
That Earn 6 Figures

Aug 5, 2012 8:52 AM CDT

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:

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

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...

Female Doctors Earn $365K Less Than Men in Career

Female Doctors Earn $365K Less Than Men Over Career

study says

Jun 13, 2012 6:41 PM CDT

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...

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 &...

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

study says

Apr 19, 2012 12:30 PM CDT

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...

Wages
of Young
Workers
Declining

Mar 7, 2012 2:47 PM CST

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...

10 Jobs That Pay
Less Than You Think

Mar 3, 2012 10:30 AM CST

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:

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

Oct 23, 2011 4:35 PM CDT

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...

DC Overtakes Silicon Valley
in Household Income

Oct 19, 2011 6:59 PM CDT

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,...

Calculate
Where You
Are in the 99%

Oct 19, 2011 12:03 PM CDT

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...

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

Aug 26, 2011 6:09 AM CDT

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....

Mean People
Make More
Money

study says

Aug 15, 2011 5:59 PM CDT

Mean People Make More Money

Study finds less agreeable workers earn more

(Newser) - Kindness doesn't pay—at least not between the hours of 9 and 5, a new study shows. The aptly-named "Do Nice Guys—and Gals—Really Finish Last?" study found that "agreeable" workers earn less than those who aren't as agreeable, with an especially wide gap for...

No. of Feds
Making Over
$150K Soars

Nov 10, 2010 9:55 AM CST

No. of Feds Making Over $150K Soars

GOP to attack government pay in lame-duck Congress

(Newser) - The number of federal government employees making at least $150,000 a year is 10 times what it was five years ago, and it has doubled since President Obama’s inauguration, says a study by USA Today . House GOP members are hoping to pounce on the issue as the lame-duck...

Emma Watson Is Top-Paid Woman in Hollywood

Feb 5, 2010 3:34 PM CST

Emma Watson Is Top-Paid Woman in Hollywood

'Harry Potter' star banked $41M, ranks just 14th among moneymakers

(Newser) - Emma Watson made more money last year than any other actress in the world. The Harry Potter star banked over $30 million from acting and modeling jobs; she has worked on ad campaigns for Burberry and People Tree. Watson ranked 14th on Vanity Fair 's list of Hollywood's top moneymakers,...

Dan Rather Loses Bid
to Reinstate CBS Lawsuit

Jan 12, 2010 2:02 PM CST

Dan Rather Loses Bid to Reinstate CBS Lawsuit

Top NY court rejects former anchor's motion

(Newser) - New York's top court today rejected Dan Rather's bid to reinstate his $70 million breach-of-contract lawsuit against CBS. Rather's motion was denied without comment today by the Court of Appeals. "I am disappointed that no court or jury studied the evidence," said Rather in a statement. "The...

Next Year, You Might Actually Get a Raise

Dec 28, 2009 1:27 PM CST

Next Year, You Might Actually Get a Raise

Ten jobs likely to benefit from the improving economy

(Newser) - Unsurprisingly, 2009 was a grim year for many an employee’s wallet, with 85% of big companies doing away with across-the-board merit pay, but 2010 already looks a lot brighter. More than half the companies who froze salaries this year tell Fortune they plan to defrost them next year. Here’...

Pay Czar
Blocks Salary
for Ken Lewis

Oct 16, 2009 7:42 AM CDT

Pay Czar Blocks Salary for Ken Lewis

BofA CEO will return $1M and forgo any pay this year

(Newser) - President Obama's pay czar has landed his biggest punch yet: Bank of America CEO Ken Lewis will forgo any pay this year and return $1 million he's already accepted. But don't start up a collection just yet: The reason Kenneth Feinberg made the request is because Lewis will receive about...