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Hard work doesn't pay


Hard work doesn't pay
The average worker gets a raise every year but has less money to spend. Why? Inflation and health insurance costs gobble up the raise -- and more.
This By Scott Burns
I'd like to say a few words about the futility of work.

I'm serious.

Take a look around. Today, we're all 24/7, strutting with BlackBerrys and Bluetooths, miles from the long-lost desk and office, not to mention home. At the risk of being rude, I'm wondering if all this frenzied effort pays off.

We know it does for some.

If it didn't, Starbucks and Whole Foods would not exist. There wouldn't be enough people who can afford $3 for a cup of coffee or $2.69 a pound for free-range organic chicken.

But the operative word here is "some." It's time for Joseph Vineyard, the trendy guy who eats free-range chicken, to meet Joe Six-Pack.

If you look at the averages, the statistics give a simple message: Hard work does not equate to economic progress. It hasn't for decades. We may need hard work to keep body and soul together -- not to mention pay the Visa bill -- but average-worker paychecks clearly show that inflation continues to trump wage gains for most American workers.

Entry #803


Comment by pumpi76 - April 15, 2009, 10:32 pm
what i wish Americans realize is that instead of hardworkd they need to go and work out...Americans work hard at their jobs to get a raise but they jeaperdize health...98.2% of Americans in the work force are overweight....

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