mefordis
If you can dream it, you can do it.
- Joined
- Jun 23, 2006
- Messages
- 8,468
Yes, it's pretty horrible. Top level execs are making 62 times more than the average worker in bonuses alone.
http://curiouscapitalist.blogs.time.com/2011/03/18/ceo-pay-up-average-worker-not-so-much/
http://curiouscapitalist.blogs.time.com/2011/03/18/ceo-pay-up-average-worker-not-so-much/
Sadly $10/hour is considered very good pay at WDW (unless you are in a professional position and you are competing with thousands of CM's plus countless outsiders for those positions.) It is also pretty good pay around Orlando! Can you imagine?! I grew up in NYC and DH grew up North of Boston. When we heard most CM's started at $7.00/hour (2004) we were shocked. I NEVER made $7/hr -even in high school jobs in 1987! I was amazed in 2004 they expected ADULTS to live on that wage.
A study just came out that in order to have an OK life (save for retirement, put kids through college) you would need to make about three times what our government/media are telling us is a living wage/minimum wage. This is with no extras like vacations, etc.
http://www.nytimes.com/2011/04/01/business/economy/01jobs.html?_r=1
http://www.wowonline.org/usbest/
According to the report, a single worker needs an income of $30,012 a year or just above $14 an hour to cover basic expenses and save for retirement and emergencies. That is close to three times the 2010 national poverty level of $10,830 for a single person, and nearly twice the federal minimum wage of $7.25 an hour.
A single worker with two young children needs an annual income of $57,756, or just over $27 an hour, to attain economic stability, and a family with two working parents and two young children needs to earn $67,920 a year, or about $16 an hour per worker.
That compares with the national poverty level of $22,050 for a family of four. The most recent data from the Census Bureau found that 14.3 percent of Americans were living below the poverty line in 2009.