Dethrones the Silicon Valley
Federal employees whose compensation averages more than $126,000 and the nation’s greatest concentration of lawyers helped Washington edge out San Jose as the wealthiest U.S. metropolitan area, government data show.
The U.S. capital has swapped top spots with Silicon Valley, according to recent Census Bureau figures, with the typical household in the Washington metro area earning $84,523 last year. The national median income for 2010 was $50,046.
The figures demonstrate how the nation’s political and financial classes are prospering as the economy struggles with unemployment above 9 percent and thousands of Americans protest in the streets against income disparity, said Kevin Zeese, director of Prosperity Agenda, a Baltimore-based advocacy group trying to narrow the divide between rich and poor.
Why, just yesterday, Sen. Majority Leader Harry Reid was telling us all how important it is to build up the private sector... Oh wait a minute, no he wasn't
“The massive layoffs we’ve had in America today-of course they’re rooted in the last administration-and it’s very clear that private sector jobs are doing just fine. It’s the public sector jobs where we’ve lost huge numbers, and that’s what this legislation’s all about. And it’s unfortunate my friend the Republican Leader is complaining about that. I would also note that my friend said the House passed another bill. Well, they pass lots of bills, but they rarely go anyplace.”
Of course, the facts are quite opposite:
According to the U.S. Bureau of Labor Statistics, government workers have the lowest unemployment rate of any industry or class recorded, at 4.7%, while the national unemployment rate is 9.1% – nearly twice that of public sector workers.
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