Wages and Poverty

A wage study from the Social Security Administration no one wants to talk about... people work so they aren't poor... yet, here are the facts that working often makes people poor:

https://www.ssa.gov/cgi-bin/netcomp.cgi?year=2014&fbclid=IwAR3sfvx3eYzOb1LvZyKtOw0lio6hDBuxL9NDyD-N1ka1ECdW_8NVyeusvtU

This study below is from 2014...

Now check out the latest study from 2018:

https://www.ssa.gov/cgi-bin/netcomp.cgi?year=2020


Facts do matter:

Note: None of these studies take into consideration wages versus the actual "cost-of-living." When the real "cost-of-living" factors are figured in, the working class as a whole, which produces all wealth, is more impoverished now than in 2014.

Question:

What kind of society allows those who produce all the wealth, the working class, to live in worsening social and economic conditions after creating so much wealth?

Question:

Should we be discussing wealth and poverty and wage labor and capitalist exploitation?

Question:
How do we correct this?

Social Security Online	Automatic Increases
Office of the Chief Actuary	Wage Statistics for 2014

Enter another year? Year must be after 1989

Automatic increases Development of the AWI

The national average wage index (AWI) is based on compensation (wages, tips, and the like) subject to Federal income taxes, as reported by employers on Forms W-2. Beginning with the AWI for 1991, compensation includes contributions to deferred compensation plans, but excludes certain distributions from plans where the distributions are included in the reported compensation subject to income taxes. We call the result of including contributions, and excluding certain distributions, net compensation. The table below summarizes the components of net compensation for 2014. Net compensation components for 2014 Compensation subject to Federal income taxes $6,797,372,805,419.35 Deferred compensation plan    Contributionsa    Distributionsb + 255,336,805,992.78 - 2,450,397,767.58 Net compensation 7,050,259,213,644.55 a Wages on which contributions were paid by 53,592,754 workers. b Distributions, to the extent included in reported wages (see text above), paid to 60,572 workers. The "raw" average wage, computed as net compensation divided by the number of wage earners, is $7,050,259,213,644.55 divided by 158,186,786, or $44,569.20. Based on data in the table below, about 67.2 percent of wage earners had net compensation less than or equal to the $44,569.20 raw average wage. By definition, 50 percent of wage earners had net compensation less than or equal to the median wage, which is estimated to be $28,851.21 for 2014.

Distribution of wage earners by level of net compensation

	Wage earners			Net compensation
Net compensation interval	Number	Cumulative number	Percent of total	Aggregate amount	Average amount
$0.01 — 4,999.99	22,574,440	22,574,440	14.27075	$46,647,919,125.68	$2,066.40
5,000.00 — 9,999.99	13,848,841	36,423,281	23.02549	102,586,913,092.61	7,407.62
10,000.00 — 14,999.99	12,329,270	48,752,551	30.81961	153,566,802,438.45	12,455.47
15,000.00 — 19,999.99	11,505,776	60,258,327	38.09315	200,878,198,035.07	17,458.90
20,000.00 — 24,999.99	10,918,555	71,176,882	44.99547	245,317,570,246.88	22,467.95
25,000.00 — 29,999.99	10,192,863	81,369,745	51.43903	279,865,461,187.05	27,457.00
30,000.00 — 34,999.99	9,487,840	90,857,585	57.43690	307,828,947,411.16	32,444.58
35,000.00 — 39,999.99	8,578,215	99,435,800	62.85974	321,200,755,103.44	37,443.78
40,000.00 — 44,999.99	7,553,972	106,989,772	67.63509	320,563,569,965.15	42,436.43
45,000.00 — 49,999.99	6,542,882	113,532,654	71.77126	310,391,706,424.23	47,439.60
50,000.00 — 54,999.99	5,723,269	119,255,923	75.38931	300,016,377,448.51	52,420.46
55,000.00 — 59,999.99	4,846,517	124,102,440	78.45310	278,354,367,841.41	57,433.90
60,000.00 — 64,999.99	4,201,232	128,303,672	81.10897	262,203,932,128.68	62,411.20
65,000.00 — 69,999.99	3,573,471	131,877,143	83.36799	240,948,179,180.40	67,426.93
70,000.00 — 74,999.99	3,094,739	134,971,882	85.32437	224,145,278,103.36	72,427.85
75,000.00 — 79,999.99	2,684,481	137,656,363	87.02140	207,853,372,824.62	77,427.77
80,000.00 — 84,999.99	2,297,338	139,953,701	88.47370	189,370,862,869.17	82,430.56
85,000.00 — 89,999.99	1,975,400	141,929,101	89.72248	172,719,042,418.70	87,434.97
90,000.00 — 94,999.99	1,714,370	143,643,471	90.80624	158,442,931,588.44	92,420.50
95,000.00 — 99,999.99	1,486,636	145,130,107	91.74604	144,858,203,365.61	97,440.26
100,000.00 — 104,999.99	1,309,068	146,439,175	92.57358	134,083,282,259.67	102,426.52
105,000.00 — 109,999.99	1,117,128	147,556,303	93.27979	120,020,513,136.11	107,436.67
110,000.00 — 114,999.99	977,055	148,533,358	93.89745	109,855,105,705.14	112,434.93
115,000.00 — 119,999.99	865,889	149,399,247	94.44483	101,693,061,676.62	117,443.53
120,000.00 — 124,999.99	773,339	150,172,586	94.93371	94,660,281,091.31	122,404.64
125,000.00 — 129,999.99	673,971	150,846,557	95.35977	85,886,152,964.93	127,433.01
130,000.00 — 134,999.99	595,827	151,442,384	95.73643	78,899,843,713.01	132,420.73
135,000.00 — 139,999.99	527,341	151,969,725	96.06980	72,476,546,845.30	137,437.72
140,000.00 — 144,999.99	466,992	152,436,717	96.36501	66,519,743,635.12	142,443.00
145,000.00 — 149,999.99	419,003	152,855,720	96.62989	61,787,674,520.19	147,463.56
150,000.00 — 154,999.99	384,581	153,240,301	96.87301	58,607,775,121.57	152,393.84
155,000.00 — 159,999.99	335,391	153,575,692	97.08503	52,801,735,517.69	157,433.37
160,000.00 — 164,999.99	296,048	153,871,740	97.27218	48,087,213,596.86	162,430.46
165,000.00 — 169,999.99	265,309	154,137,049	97.43990	44,426,198,104.69	167,450.78
170,000.00 — 174,999.99	239,515	154,376,564	97.59131	41,304,379,348.95	172,450.07
175,000.00 — 179,999.99	216,255	154,592,819	97.72802	38,370,042,895.27	177,429.62
180,000.00 — 184,999.99	200,592	154,793,411	97.85483	36,588,064,085.78	182,400.42
185,000.00 — 189,999.99	179,005	154,972,416	97.96799	33,554,727,208.93	187,451.34
190,000.00 — 194,999.99	165,277	155,137,693	98.07247	31,807,897,759.84	192,452.05
195,000.00 — 199,999.99	154,070	155,291,763	98.16987	30,425,466,536.83	197,478.20
200,000.00 — 249,999.99	1,039,897	156,331,660	98.82726	230,863,458,226.21	222,006.08
250,000.00 — 299,999.99	565,105	156,896,765	99.18450	153,945,762,663.99	272,419.75
300,000.00 — 349,999.99	333,584	157,230,349	99.39537	107,708,119,615.81	322,881.55
350,000.00 — 399,999.99	219,923	157,450,272	99.53440	82,117,070,706.61	373,390.10
400,000.00 — 449,999.99	151,162	157,601,434	99.62996	63,997,346,472.50	423,369.28
450,000.00 — 499,999.99	108,881	157,710,315	99.69879	51,583,042,398.64	473,756.14
500,000.00 — 999,999.99	345,935	158,056,250	99.91748	230,331,407,862.96	665,822.79
1,000,000.00 — 1,499,999.99	65,548	158,121,798	99.95892	78,672,933,288.58	1,200,233.92
1,500,000.00 — 1,999,999.99	24,140	158,145,938	99.97418	41,431,838,733.52	1,716,314.78
2,000,000.00 — 2,499,999.99	12,137	158,158,075	99.98185	26,997,226,154.27	2,224,373.91
2,500,000.00 — 2,999,999.99	6,871	158,164,946	99.98619	18,747,446,313.27	2,728,488.77
3,000,000.00 — 3,499,999.99	4,799	158,169,745	99.98923	15,507,304,422.66	3,231,361.62
3,500,000.00 — 3,999,999.99	3,258	158,173,003	99.99129	12,166,741,762.34	3,734,420.43
4,000,000.00 — 4,499,999.99	2,353	158,175,356	99.99277	9,970,953,222.98	4,237,549.18
4,500,000.00 — 4,999,999.99	1,822	158,177,178	99.99393	8,633,941,395.34	4,738,716.46
5,000,000.00 — 9,999,999.99	6,468	158,183,646	99.99802	43,887,775,808.42	6,785,370.41
10,000,000.00 — 19,999,999.99	2,230	158,185,876	99.99942	30,065,006,121.19	13,482,065.53
20,000,000.00 — 49,999,999.99	776	158,186,652	99.99992	22,450,911,983.01	28,931,587.61
50,000,000.00 and over	134	158,186,786	100.00000	11,564,829,969.82	86,304,701.27

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Wage Statistics for 2018

Enter another year? Year must be after 1989

Automatic increases Development of the AWI

The national average wage index (AWI) is based on compensation (wages, tips, and the like) subject to Federal income taxes, as reported by employers on Forms W-2. Beginning with the AWI for 1991, compensation includes contributions to deferred compensation plans, but excludes certain distributions from plans where the distributions are included in the reported compensation subject to income taxes. We call the result of including contributions, and excluding certain distributions, net compensation. The table below summarizes the components of net compensation for 2018. Net compensation components for 2018 Compensation subject to Federal income taxes $8,068,989,240,801.19 Deferred compensation plan    Contributionsa    Distributionsb + 317,553,567,481.16 - 3,002,179,766.84 Net compensation 8,383,540,628,515.51 a Wages on which contributions were paid by 61,607,387 workers. b Distributions, to the extent included in reported wages (see text above), paid to 63,661 workers. The "raw" average wage, computed as net compensation divided by the number of wage earners, is $8,383,540,628,515.51 divided by 167,669,326, or $50,000.44. Based on data in the table below, about 67.4 percent of wage earners had net compensation less than or equal to the $50,000.44 raw average wage. By definition, 50 percent of wage earners had net compensation less than or equal to the median wage, which is estimated to be $32,838.05 for 2018.

Distribution of wage earners by level of net compensation

	Wage earners			Net compensation
Net compensation interval	Number	Cumulative number	Percent of total	Aggregate amount	Average amount
$0.01 — 4,999.99	20,912,646	20,912,646	12.47255	$43,795,099,366.21	$2,094.19
5,000.00 — 9,999.99	12,993,812	33,906,458	20.22222	96,170,371,134.60	7,401.24
10,000.00 — 14,999.99	11,550,542	45,457,000	27.11110	143,915,223,674.78	12,459.61
15,000.00 — 19,999.99	10,937,984	56,394,984	33.63465	191,083,130,375.42	17,469.68
20,000.00 — 24,999.99	10,930,426	67,325,410	40.15368	245,963,571,026.59	22,502.65
25,000.00 — 29,999.99	10,649,685	77,975,095	46.50528	292,595,699,011.64	27,474.59
30,000.00 — 34,999.99	10,157,201	88,132,296	52.56316	329,598,837,106.29	32,449.77
35,000.00 — 39,999.99	9,281,197	97,413,493	58.09858	347,575,046,812.88	37,449.38
40,000.00 — 44,999.99	8,242,459	105,655,952	63.01448	349,799,179,987.80	42,438.69
45,000.00 — 49,999.99	7,405,906	113,061,858	67.43145	351,372,718,041.82	47,444.93
50,000.00 — 54,999.99	6,542,812	119,604,670	71.33366	343,025,577,206.83	52,427.85
55,000.00 — 59,999.99	5,612,864	125,217,534	74.68124	322,379,314,296.40	57,435.80
60,000.00 — 64,999.99	4,920,595	130,138,129	77.61594	307,114,651,240.23	62,414.13
65,000.00 — 69,999.99	4,239,330	134,377,459	80.14433	285,846,106,689.33	67,427.19
70,000.00 — 74,999.99	3,682,829	138,060,288	82.34081	266,740,577,128.07	72,428.17
75,000.00 — 79,999.99	3,208,818	141,269,106	84.25459	248,463,045,944.21	77,431.33
80,000.00 — 84,999.99	2,780,381	144,049,487	85.91284	229,208,728,016.53	82,437.88
85,000.00 — 89,999.99	2,403,623	146,453,110	87.34639	210,164,860,939.67	87,436.70
90,000.00 — 94,999.99	2,117,062	148,570,172	88.60904	195,678,875,591.61	92,429.45
95,000.00 — 99,999.99	1,836,034	150,406,206	89.70407	178,907,004,914.35	97,442.10
100,000.00 — 104,999.99	1,625,690	152,031,896	90.67365	166,523,614,588.61	102,432.58
105,000.00 — 109,999.99	1,410,799	153,442,695	91.51507	151,582,528,351.71	107,444.45
110,000.00 — 114,999.99	1,251,905	154,694,600	92.26172	140,759,527,453.30	112,436.27
115,000.00 — 119,999.99	1,112,417	155,807,017	92.92518	130,658,936,970.24	117,455.00
120,000.00 — 124,999.99	1,008,410	156,815,427	93.52660	123,445,569,084.30	122,416.05
125,000.00 — 129,999.99	893,730	157,709,157	94.05964	113,899,350,244.55	127,442.68
130,000.00 — 134,999.99	795,949	158,505,106	94.53435	105,394,346,162.49	132,413.44
135,000.00 — 139,999.99	704,467	159,209,573	94.95450	96,825,136,762.18	137,444.53
140,000.00 — 144,999.99	632,559	159,842,132	95.33177	90,103,990,021.70	142,443.61
145,000.00 — 149,999.99	568,126	160,410,258	95.67060	83,773,312,894.63	147,455.52
150,000.00 — 154,999.99	514,078	160,924,336	95.97721	78,345,402,361.02	152,399.83
155,000.00 — 159,999.99	457,177	161,381,513	96.24987	71,980,277,465.39	157,445.10
160,000.00 — 164,999.99	413,863	161,795,376	96.49671	67,227,968,053.70	162,440.15
165,000.00 — 169,999.99	369,549	162,164,925	96.71711	61,877,593,240.22	167,440.84
170,000.00 — 174,999.99	327,834	162,492,759	96.91263	56,534,539,025.14	172,448.68
175,000.00 — 179,999.99	297,171	162,789,930	97.08987	52,729,141,686.28	177,437.04
180,000.00 — 184,999.99	275,711	163,065,641	97.25431	50,292,801,283.59	182,411.30
185,000.00 — 189,999.99	246,893	163,312,534	97.40156	46,281,835,141.84	187,457.06
190,000.00 — 194,999.99	227,017	163,539,551	97.53695	43,688,908,036.57	192,447.74
195,000.00 — 199,999.99	213,964	163,753,515	97.66456	42,253,967,707.90	197,481.67
200,000.00 — 249,999.99	1,422,744	165,176,259	98.51310	315,840,558,223.01	221,993.95
250,000.00 — 299,999.99	770,463	165,946,722	98.97262	210,183,088,243.46	272,801.01
300,000.00 — 349,999.99	465,576	166,412,298	99.25029	150,344,927,027.33	322,922.42
350,000.00 — 399,999.99	301,514	166,713,812	99.43012	112,548,961,845.06	373,279.39
400,000.00 — 449,999.99	207,014	166,920,826	99.55359	87,659,845,451.61	423,448.88
450,000.00 — 499,999.99	145,935	167,066,761	99.64062	69,122,112,993.00	473,650.00
500,000.00 — 999,999.99	446,625	167,513,386	99.90700	296,291,408,374.06	663,400.86
1,000,000.00 — 1,499,999.99	79,292	167,592,678	99.95429	95,099,320,931.96	1,199,355.81
1,500,000.00 — 1,999,999.99	28,756	167,621,434	99.97144	49,367,971,329.43	1,716,788.54
2,000,000.00 — 2,499,999.99	14,321	167,635,755	99.97998	31,866,540,833.10	2,225,161.71
2,500,000.00 — 2,999,999.99	8,173	167,643,928	99.98485	22,303,744,889.78	2,728,954.47
3,000,000.00 — 3,499,999.99	5,302	167,649,230	99.98801	17,132,086,593.98	3,231,249.83
3,500,000.00 — 3,999,999.99	3,634	167,652,864	99.99018	13,569,833,052.39	3,734,131.27
4,000,000.00 — 4,499,999.99	2,719	167,655,583	99.99180	11,502,119,789.27	4,230,275.76
4,500,000.00 — 4,999,999.99	2,024	167,657,607	99.99301	9,581,300,012.15	4,733,843.88
5,000,000.00 — 9,999,999.99	7,861	167,665,468	99.99770	53,257,917,392.30	6,774,954.51
10,000,000.00 — 19,999,999.99	2,684	167,668,152	99.99930	36,478,246,019.07	13,591,000.75
20,000,000.00 — 49,999,999.99	963	167,669,115	99.99987	27,613,022,901.01	28,673,959.40
50,000,000.00 and over	211	167,669,326	100.00000	20,201,257,572.92	95,740,557.22

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