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Dr. Claud Anderson Discusses America’s Race Based Society, PowerNomics + More

Powernomics

NACE (National Association of Colleges and Employers) released two tables this week showing earnings for 2013 graduates. A Bethlehem, PA non-profit, NACE links college placement offices with employers. Its employer members tend to be large companies, but for its salary surveys it goes beyond its members and combs through data from the Bureau of Labor Statistics, the Census Bureau and a master set of data developed by a compensation measurement company called Job Search Intelligence. The data are reported by employers and they represent accepted salaries rather than offers.

 

It will cost an estimated $241,080 for a middle-income couple to raise a child born last year for 18 years, according to a U.S. Department of Agriculture report released Wednesday. That’s up almost 3% from 2011 and doesn’t  include the cost of college.

 At the same time, wages aren’t keeping up. The country’s median annual household income has fallen by more than $4,000 since 2000, after adjusting for inflation, and many of the jobs lost during the recent recession have been replaced with lower-wage positions

source: CNNMoney

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Rents in Brooklyn have skyrocketed to an average of $3,035 in July, up 8.2% from July of last year.
The average rent in Manhattan was $3,822 in July, up 1.7%.
Brooklyn luxury units — those priced in the top 10% of the market — led the surge, with the average rent in this segment hitting $6,007, up 8.8%.

Source: DAILY NEWS

Detroit — Emergency Manager Kevyn Orr announced Monday that he has contracted with Christie’s Appraisals, the New York-based international auction house, to appraise the collections of the Detroit Institute of Arts.  The city of Detroit is in $18 billion dollars worth of debt and Christies will have the appraisal completed by fall.  Sources estimate the DIA holdings to be worth close to $2 billion.

McDonald’s has partnered with Visa to make a website dedicated to showing its employees how to properly budget their peasant salaries. However, what it actually does is illustrate the fact that it is nearly impossible to get by on minimum wage in America as shown in this “example” budget chart:

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Source

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The average rent for an apartment in New York City (excluding Staten Island) is $3,017 a month. This is the first time the average rent has exceeded $3,000.
“The average New York rent was more than 50 percent higher than second-place San Francisco, where rent grew 1.1 percent from the first quarter to $1,998.82,” reports Reuters. “Oklahoma City was the cheapest market, at an average of $571.03 a month, up 0.6 percent

Source

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