Wednesday, February 17, 2010

Recession a point of view?

Subject: txt mny bbro sclm lbrty bdd 2010 -

"How do we contend with the traditional definitions of what success should look like, those beliefs that still hold sway over so many young people -- the idea that success means money, or power, or prestige, and that it comes with a nice house and a fancy car? How do we counter those voices that tell them, ‘Well, if you don't get paid a lot money for what you do, then maybe what you do really isn't that valuable.' Or voices that say, ‘Well, that's awfully nice that you want to do service, but when are you going to get a real job?' (Applause.)"
First Lady Michelle Obama.

Source: Josh Barro at The Manhattan Institute.

  • Average hourly compensation (wages and benefits, not adjusted for inflation) increase in last two years for federal government civilian employees: 9.9%
  • For state and local government employees: 9.8%
  • For private sector employees: 6.9%

Source: Josh Barro at The Manhattan Institute.

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