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"But productivity - which measures output per hour worked - plunged by a 3.1 percent annual rate in the first three months of 2015 after a 2.3 percent drop in last year's fourth quarter. It was the first time in more than eight years that productivity had fallen for two straight quarters. Productivity had expanded 2.1 percent annually, on average, since 2000."
"But productivity - which measures output per hour worked - plunged by a 3.1 percent annual rate in the first three months of 2015 after a 2.3 percent drop in last year's fourth quarter. It was the first time in more than eight years that productivity had fallen for two straight quarters. Productivity had expanded 2.1 percent annually, on average, since 2000."
Not a positive trend at all.
You get laid off at your job making widgets....something you were very productive at.....your new job n the service industry.....pays less....and doesn't add nearly as much productivity as our old one.
"But productivity - which measures output per hour worked - plunged by a 3.1 percent annual rate in the first three months of 2015 after a 2.3 percent drop in last year's fourth quarter. It was the first time in more than eight years that productivity had fallen for two straight quarters. Productivity had expanded 2.1 percent annually, on average, since 2000."
Not a positive trend at all.
Now that companies are incorporating some of the long term unemployed, and the average Joe and Jane...
Looks like companies are going to have to invest in some merit based raises... Business as usual. A good sign. Not good for businesses competing in the global economy though.
You get laid off at your job making widgets....something you were very productive at.....your new job n the service industry.....pays less....and doesn't add nearly as much productivity as our old one.
I agree....not a positive trend at all.
and the widget makers are pricing each other into poverty even if they stayed as widget makers. rarely is someone going to pay $10 for an app so most are priced as low as possible, or even made free. sure some app makers can get rich, but they are the minorities, same as if someone is a good movie producer,singer,etc. there is always more people failing at business than there are being successful. even the same person sometimes have to fail multiple times before succeeding. ie if a college grad fails in the first field, they could try again in a second field.
Here is how to write an interesting magazine-type article.
State a negative premise.
Find some negative facts.
Use loaded language with a lot of emotional content.
Write at a grade school level.
Add the human interest element with stories and quotes.
Throw in a few extra facts (optional).
Restate your premise as a conclusion.
Be sure to avoid any contradictory facts, such as personal income reaching an all time high.
Of course frequently you will end up with a nearly worthless article, but something that will catch attention.
Location: East of Seattle since 1992, 615' Elevation, Zone 8b - originally from SF Bay Area
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Quote:
Originally Posted by andywire
Now that companies are incorporating some of the long term unemployed, and the average Joe and Jane...
Looks like companies are going to have to invest in some merit based raises... Business as usual. A good sign. Not good for businesses competing in the global economy though.
We have always had merit-based raises, with an annual performance review. I just got the maximum with an outstanding review - but it was only 3%. It takes promotions to get ahead. After two, I am at 60% more than when I started here 6 years ago, but am not likely to go any higher so it's going to be the small annual raises until I retire.
....It takes promotions to get ahead. After two, I am at 60% more than when I started here 6 years ago, but am not likely to go any higher so it's going to be the small annual raises until I retire.
Congratulations on 60% salary increases in 6 years. That is great considering our slowing recovering economy. You are obviously doing well in your career. I think yours is a fairly common situation. Wage data makes it seem like no one is getting ahead due to small salary increases but many are also getting promotions to higher, better paid jobs.
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