Wage growth for the average workers in the US has been artificially suppressed over the past few decades due to a variety of reasons. However worker productivity has continued to rise year after year. According to EPI, the average worker would be earning $10 more per hour if wage growth kept up with productivity. Since …
Continue reading ‘40 Years of Unequal Wage Growth in the US: Chart’ »
Inflation is rising in the U.S. Last week we learned that inflation shot up to 4.2% in April, the highest since 2008. Inflation can be considered as the stealth tax since it sneaks up on people when most are not looking or paying attention – usually in small increments. Inflation also reduces the purchasing power …
Continue reading ‘Price Changes in the US – Jan, 1997 to Dec, 2017’ »
In the US, states and local governments collected $1,303 per capita in individual income taxes for fiscal year 2018 according to Tax Foundation. However tax collections vary widely between the states as shown in the chart below. The states with top per capita tax collections are: New York, the District of Columbia, Connecticut, Maryland, California and …
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The Covid Pandemic re-arranged the world’s busiest airport rankings for the first time in decades. The Guangzhou Bai Yun International Airport in China was the world’s busiest aiport in terms of passenger traffic in 2020. The traditional winner, Atlanta’s Hartsfield-Jackson Atlanta International Airport was unseated from the top position for the first time in 20 years …