Brooklyn, For Richer or Poorer
The CityFacts2008 section of Crain’s is full of all sorts of interesting info, like the chart above, which shows how wages stack up borough-by-borough for the five-year period that ended in 2006. Meanwhile, even though wages grew for residents of all the boroughs between 2005 and 2006, the rate of growth for Brooklyn earners, 6.2…
The CityFacts2008 section of Crain’s is full of all sorts of interesting info, like the chart above, which shows how wages stack up borough-by-borough for the five-year period that ended in 2006. Meanwhile, even though wages grew for residents of all the boroughs between 2005 and 2006, the rate of growth for Brooklyn earners, 6.2 percent, was the second-lowest in the city after the Bronx (5.1 percent) and way behind the 9.9 percent rise in Manhattan. We all need the extra dollars: The magazine’s consumer price index shows big increases in New York-area (includes the whole region) utilities, food and transportation costs over the past few years. One area showed a smaller rise in cost than most, though: Between 2006 and 2007, housing costs in the region were only up 2.6 percent, as compared to the 4 to 5 percent increases recorded in the few years prior.
CityFacts2008 [Crain’s]
Graphic from Crain’s.
“To the What. You forgot to mention IndyMac bank, which is a complete disaster in the making. Toss in Citi and Bank of America and we have a real sh*tstorm a-brewing.”
Nope that’s the walk in the park. Wait until Citibank, WAMU and Wachovia implodes! There is a real shit storm coming!
The What
Someday this war is gonna end…
The last two posters are Communists, eh, I mean Terrorists. Don’t listen to them. Everything is fine. Keep consuming. Don’t ask questions and vote Republican.
Not ants. Ants work together for each other. Sheep. Working for the shepherd.
Actually, US work hours are way up. We are a nation of ants, not crickets. Work harder than any of the other OECD countries except Japan (and we’ve almost caught up with them). We just live worse — longer workweeks, shorter vacations, later retirement, less family leave, less support for schools, less support for universities and, to top it all off, lower salaries for people in the middle half.
The median wage is lower, after inflation, than it was a generation ago. People are maintaining their lifestyles, to the extent they are, by working more hours: two income families today can live almost as well as a one income family in the mid 1960s.
Only the professionals have managed to improve their incomes at what the last generation thought of as a normal rate. All the rest of the economic growth of the last 3 decades — and there has been quite a lot of growth — has gone to the very top. Some to the top 1%, more to the top 1/10%, and so one.
It has little to do with envy or blaming people who work harder. The super rich work hard, at least the half of them who didn’t inherit their wealth, but that’s not why they are rich.
11:37 (#1) = Bitter Wage Slave
Even a bunch of people making $0 income can’t bring down an average nearly as much as a single person making $20 million can bring it up.
To the What. You forgot to mention IndyMac bank, which is a complete disaster in the making. Toss in Citi and Bank of America and we have a real sh*tstorm a-brewing.
The chart pictured does seem to be showing wages of jobs located in those boroughs. There is another chart showing per-capita incomes in each borough.
“These are AVERAGE figures, which in Manhattan would be pulled high by billionaires and millionaires.”
And the numbers for brooklyn are pulled way down by all the welfare collectors in the projects who don’t earn anything at all.