Post 8 Wages VS EXPENSES

As the chart below shows  the Median price of a house sold in January of each year rose dramatically from 1970 to 2010 in comparison to Postal Clerks’ wages so that the longer the clerks worked the more their  chances of buying a house greatly decreased just as it was for average wage earners.

The cost of food, soaps, natural gas, electricity, water, sewer. cable TV, health insurance,  medical expenses, transportation went up at the same time so that  postal clerks  found themselves in the same financial  position treading water as those workers whose increase in income was so little that it didn’t cover  the true  cost of living expenses.

Of significance to federal injured workers  whose income  diminished by at least 25%  at the time of injury was that they took a financial  hit even more by the “housing bubble” and unavoidable “living expenses” .

Although states can set their own minimum wage the Federal Minimum wage stands at $7.25 an hour which means a workers  at 40 hours a week would earn $13,920.00 a year before deductions.

http://www.dol.gov/whd/minwage/america.htm

1970) US Median House Cost= $23,600__ Postal Clerk step O annual pay=$ 9,657                               Difference  between Cost of House and annual Postal Clerk’s Pay =$13,943

1973) US Median House Price= $29,900__Postal Clerk step O annual pay=$11,071                              Difference  between Cost of House and annual Postal Clerk’s Pay =$18,827

1975) US Median House Price= $37,200__ Postal Clerk  step O annual pay =$13,483                              Difference  between Cost of House and annual Postal Clerk’s Pay =$23,717

1978) US Median House Price= $52,000__Postal Clerk step O annual pay= $16,501                              Difference  between Cost of House and annual Postal Clerk’s Pay =$35,499

1981) US Median House Price= $67,500__Postal Clerk step O annual pay = $21,630                             Difference  between Cost of House and annual Postal Clerk’s Pay =$45,870

1984) US Median House Price= $76,200__Postal Clerk step O annual pay= $24,173                              Difference  between Cost of House and annual Postal Clerk’s Pay = $52,027

1987) US Median House Price=$ 98,500__Postal Clerk step O annual pay= $27,400                             Difference  between Cost of House and annual Postal Clerk’s Pay = $71,100

1990) US Median House Price= $122,900 __Postal Clerk step O annual pay= $31,766                           Difference  between Cost of House and annual Postal Clerk’s Pay  =   $91,134

1994) US Median House Price=$130,000__Postal Clerk step O annual pay= $35,604-                            Difference  between Cost of House and annual Postal Clerk’s Pay = $94,396

1998) US Median House Price= $152,500__Postal Clerk step O annual pay=  $37,831-                          Difference  between Cost of House and annual Postal Clerk’s Pay = $114,669

2000) US Median House Price=  $169,000__Postal Clerk step O annual pay=  $40,472-                         Difference  between Cost of House and annual Postal Clerk’s Pay =  $128,528

2003) US Median House Price= $195,000 __Postal Clerk step O annual pay= $43,099-                        Difference  between Cost of House and annual Postal Clerk’s Pay =  $151,901

2005) US Median House Price= $240,900__Postal Clerk step O annual pay= $45,997-                          Difference  between Cost of House and annual Postal Clerk’s Pay =$194,903

2006) US Median House Price= $246,500__Postal Clerk step O annual pay=   $47,996-                          Difference  between Cost of House and annual Postal Clerk’s Pay =$198,504

2010) US Median House Price= $221,800__Postal Clerk step O annual pay=  $52,442.-                        Difference  between Cost of House and annual Postal Clerk’s Pay = $169,358

• Gave it some thought 
• Less could be bought           

• As  the years rolled by

  

• Despite what I tried                                      AW HECK  says “It,s Not that Postal Employees are overpaid but that workers making less are underpaid.