So that's one thing, and then third, of course, is the lack of income growth that you've seen for families at the bottom, even though they have they typically have this earner . And in fact, for low income families, if you hadn't had that increase in women's labor force participation rates, and the added wages of women,
you're part of a $300,000 a year couple as opposed to if one person is making 250 and the other person is making 50. That $50,000 earner 's gonna be in a low tax bracket. But once he becomes part of a $300,000 couple, they're each in the $150,000 tax bracket and
knowing that people are still going to continue to go to the mountains, but to have the good training and allow people to have better skills. And when you have the wage earner that is killed in the mountains, it's a really difficult-- it affects the whole community,
Fred: you look young. If you are the low earner in your family -- the housewife traditionally -- and your husband predeceases you, one of the Social Security rules is you can take your husband's Social Security. The idea is if you're the stay-at-home mom or dad and your husband dies, you're counting on his Social Security as a retired couple, you can elect to take your spouse's Social
importantly the researcher said whatever you earn you're going to have to eat at the next phase so you can't take any of this chocolate home so it turns out that both the low earners and the high earners significantly ere earn the amount of chocolate that that they either careed to eat or physically could eat it actually turns out there's an upper limit I know again on Valentine's
So a lot of our clients just leave the debt in their personal name, transfer title, keep paying the debt, and that's not an issue. I mean he talked about other things for high-income earners .
housebound work than their partners. And they will do more housework even if they are also the main earner in the household. So the benefits of being a wife basically are very minimal for women versus the benefits of having a wife are very high.
Because really these are family expenses. And you don't want to think about them as having the second earner needing to cover those expenses. Both people are responsible.
That's really, really scary right now. But then there's also a group of people who are high earners , and suddenly they're starting to think about buying the store brand. They're starting to think about, do I need to be cutting back on some of my discretionary expenses?
Right. And it still didn't make their top 35 or 40. If democratic capitalism allows for a scenario where more wealth goes to higher earners , and there's been stagnation for the middle class,
Ninety-five percent of the professors in America believe they have above average teaching skills. Time Magazine once asked Americans "Are you in the top 1% of earners ?" And 19% of Americans are in the top one percent of earners and another 36% expect to be someday. Paul Schumacher and Edward Russo gave tests to executives about their own industry. And
The Muslims in the towns and villages visited by the paramilitary force would have the men separated from the women and children We're now rapidly approaching the point that unless you've got a private income or a partner who is a high earner ,
you don't want to make a decision based on short run factors. So what some people do is they say, this is the salary that the second earner could earn in the workplace. And here's what we have to pay for all the factors you talked about-- childcare, extra cleaning, take out,
And I say that also because there are a lot of same sex couples who think because it is not given the social and cultural dignity, it doesn't have the legal consequences. And let me just say, if you're the high earner who's breaking up with your boyfriend who now is claiming half of your net worth, you will learn what it means to be married quite quickly. So then, now there have been several challenges to proposition 8.
The other, which again if you ask a lot of couples breaking up, they will often disagree about this. But the, again the fiction or the myth is that to be a high earner , you gain from the love and support of your partner.
And as anybody with kids and a complicated life can tell you, having two overworked parents is crazy making. And so the idea is that the high earner is, in part, a high earner because of the love and support of the spouse.
women, but women in predominant numbers have experience that has caused such rage. One of the things that I just want to point out here is that even in households where women are primary earners ,
here. But as you're also generally aware of, this pie hasn't been divvied up quite equally. And in fact, if you look at the bottom 90% of income earners , their income has stayed flat, almost since I was born. Actually, maybe it's my fault. And the 30% poorest in the US have actually gotten significantly poorer
like they're not safe at home. We have about a greater than 15 year difference in life expectancy between the top 10% earners and the bottom 10% earners .
going to interrupt that nice leisurely Sound of Music with the sound of saw cutting wood just like in the real world there's different levels that you can earn there's low earners they unfortunately have to press the button many many times do lots of work to get a chocolate bar then there's the high earners they're
wood just like in the real world there's different levels that you can earn there's low earners they unfortunately have to press the button many many times do lots of work to get a chocolate bar then there's the high earners they're fortunate their rate of uh of earning chocolate is is much better they have to work a lot less
So I think here we have the conundrum of capitalism expressed by G. K. Chesterton: "Capitalism is contradictory as soon as it is complete because it is dealing with the mass of men in two opposite ways at once. When most men are wage earners , it is more and more difficult for most men to be customers. For the capitalist is always trying to cut down what his servant demands, and in doing so he is cutting down what his customer can spend. . . . He is wanting the same man to be rich and poor at the same time."
Security. The idea is if you're the stay-at-home mom or dad and your husband dies, you're counting on his Social Security as a retired couple, you can elect to take your spouse's Social Security. You can't take both, but you can take the high earner 's. Well, if you remarry, you lose that privilege.
When people think about Asian-Americans, we hear stats that Asian-Americans are among some of the highest earners in the United States.
For instance, one figure I feel is indicative of it all, only 8% of the top earners in this economy are female.
-So Kathy Ireland, while not a billionaire, and probably not any time soon, in terms of top earners in and around Hollywood, how is she doing?