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State of Working New Hampshire

by: Tim Ashwell

Wed Sep 02, 2009 at 11:18:39 AM EDT


( - promoted by Dean Barker)

Talk about a mixed bag...

A new report from the Carsey Institute at UNH says "while New Hampshire workers have fared well compared with other New England states, wages have stagnated and full-time workers now form a smaller share of the labor force."

You can read the press release summarizing the report and click through to the full study by the Institute's Allison Churilla for the details.

Some nuggets:

The median wage in the state is $17.25/hr, the lowest in five years. I'll save you the math: That's $646.88 for a 37.5 hr. week, gross, before deductions, just under $34K a year.

Hourly wages for the state's lowest paid workers have declined seven percent in the last five years.

More of us are working part-time than before. The share of full-time workers is slipping as more people are forced to take part-time positions.

New Hampshire is doing much better than our New England neighbors and many other areas of the country - try finding a decent job in northwestern Indiana these days - but even here the dream of hard work leading to economic security and a better tomorrow is in jeopardy.  

Tim Ashwell :: State of Working New Hampshire
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Why are people poor? Because they don't have enough money (0.00 / 0)
to lubricate their transactions.  Why don't they have enough money, despite the fact that more and more money is floating around and an increasing number of transactions need to be lubed?  Because some people have developed a variety of strategies to insure that the "wrong" people are denied access to money and relieved of it as soon as they get some.

Consider, for example, that the very poor are not only provided vouchers to cover their housing expense but food stamps have now been converted into a plastic debit card so the people who rely on them can't even save up their change.  

And those are the legal strategies.  When you add on various insurance scams for medical services and long term care and "guaranteed life" policies that as often as not don't pay off, bank charges and variable interest rates on credit cards, as well as products that don't work and can't be repaired, it's hard not to conclude that there's a conspiracy of parasites at work.

Is this behavior sustainable over the long haul?  Not likely.  Which is why the depths of this economic collapse probably haven't been properly assessed yet and it's going to take a long time to work our way out.

I think the stimulus program is on the right track, but not if the usual suspects are allowed to sequester the money again.



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