““The most shocking thing is that many of us don’t even earn the federal minimum wage,” said Miranda…”

September 22 Comments Off on ““The most shocking thing is that many of us don’t even earn the federal minimum wage,” said Miranda…” Category: Feed, Tumblr

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“The most shocking thing is that many of us don’t even earn the federal minimum wage,” said Miranda Merklein, an adjunct professor from Santa Fe who started teaching in 2008. “Our students didn’t know that professors with PhDs aren’t even earning as much as an entry-level fast food worker. We’re not calling for the $15 minimum wage. We don’t even make minimum wage. And we have no benefits and no job security.”

Over three quarters of college professors are adjunct. Legally, adjunct positions are part-time, at-will employment. Universities pay adjunct professors by the course, anywhere between $1,000 to $5,000. So if a professor teaches three courses in both the fall and spring semesters at a rate of $3000 per course, they’ll make $18,000 dollars. The average full-time barista makes the same yearly wage.

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– Professors on food stamps: The shocking true story of academia in 2014.

“Isn’t home ownership a crucial cog to any healthy economy? Well, as Germany shows—and Gershwin…”

September 19 Comments Off on “Isn’t home ownership a crucial cog to any healthy economy? Well, as Germany shows—and Gershwin…” Category: Feed, Tumblr

“Isn’t home ownership a crucial cog to any healthy economy? Well, as Germany shows—and Gershwin wrote—it ain’t necessarily so.”

– Most Germans don’t buy their homes, they rent. Here’s why.

“There’s the middle group — where they’re acting like full-time employees and being paid like…”

September 19 Comments Off on “There’s the middle group — where they’re acting like full-time employees and being paid like…” Category: Feed, Tumblr

“”There’s the middle group — where they’re acting like full-time employees and being paid like contractors. That group is disenfranchised.””

– Does Silicon Valley Have a Contract-Worker Problem?

Fed’s Fisher Admits “Fed Has Levitated Markets”, Warns Of “Signs Of Excess” | Zero Hedge

September 19 Comments Off on Fed’s Fisher Admits “Fed Has Levitated Markets”, Warns Of “Signs Of Excess” | Zero Hedge Category: Feed, Tumblr

Fed’s Fisher Admits “Fed Has Levitated Markets”, Warns Of “Signs Of Excess” | Zero Hedge:

FOMC voting-member Richard Fisher is among the sanest voices in the Eccles Building asylum and he is once again sounding alarms that all is not well in US financial markets: *FISHER SAYS FED HAS ‘LEVITATED’ MARKETS, SEES SIGNS OF EXCESS IN FINANCIAL MARKETS Furthermore, Fisher notes The Fed can’t force companies to hire, and would like to see rate hikes as early as Spring 2015.

Hahaha “Levitates” it makes the Fed sound like a bunch of innocent stage actors instead of a group of aholes using taxpayer money to inflate the bottom lines of big companies and the wealthy at the expense of the middle class. Yes, ‘levitate’ is not the word I’d use for ‘inflated the economy to the largest bubble it has ever had and thrown the entire world economy on to the top of a precipice.’

But sure, we can pretend we’re wizards instead.