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No company wold float a 6 year deal unless it fixed wage/benefits costs at so low a level so as to make them insignificant to their bottom line.
Their gripes seem to be founded in reality. A German run company who is enjoying flaunting their new raises while the workers seem to be left behind. I'd probably strike under those circumstances too.
That's a very small slice of American workers though.
Average wages in the private sector rose nearly 3 percent between the early 2017 and the beginning of 2018, according to data released Friday by the Labor Department. That’s vastly better than the roughly 2 percent annual raises that have typified our long recovery since 2010. Even better, the gains seem to be spreading across regions and industries, with benefits to higher-wage and lower-wage earners alike.
Nearly every area of the country saw wage gains approaching that 3 percent figure, from the Northeast to the Deep South — and up and down the West Coast.
The only exception seems to be the middle class, which is a bit stagnant.
It seems like the economy is doing quite well, there's more jobs out there for more money. Wouldn't this be something that both parties would rally upon as being a sign that Americans are doing quite well? Who would actually be opposed to higher wages and more jobs? If you're opposed to this, please speak up on this post and let us know why. Thanks!
Not necessarily. Depends on the job there can be more jobs but if it's not jobs that are viable to obtain then it won't do some people any good.
Higher wages would probably be good but just raising the minimum wage may not.
Not necessarily. Depends on the job there can be more jobs but if it's not jobs that are viable to obtain then it won't do some people any good.
Higher wages would probably be good but just raising the minimum wage may not.
Sure I get that but I'm asking if getting a report that says good growth, more jobs, higher wages, and full recovery is a good thing right?
It seems that in times when Democrats are in power and jobs/wages go up, Repubs find a reason to fault that success. Vice versa with when times are good the other way around. Our economy is doing quite well and yet it seems there is still a lot of hatred for our successes. Is this due to folks wanting to just destroy our nation or is it a hatred of those in power or what?
No, Republicans wouldn't do that!
Obama was the villain for 8 years of the economy on the same trendline it is now. It just so happens that unemployment has continued to go down (again, the same trend we've seen since 2009) during Trump's presidency. A small tip of the cap to Trump for not messing up a good thing, so far.
It is still too early to measure what the tariffs have done. In the short term, GDP spiked partially due to movement of goods prior to tariffs. Companies have been buying up cheap pre-tariff materials and stockpiling them. The hopes are that the companies that have done this can either sell these goods later for less than competition that did not buy up materials and hence make bigger profits.
The thing to keep in mind is that only a small portion of the Middle Class is reaping the benefit of the stock market booming. Not everyone has investments. Many people live paycheck to paycheck. So while it is good that there are more jobs, it remains to be seen how much of that benefit will be reflected by the lower middle class. If companies are doing stock buybacks, that doesn't help workers. It drives up stock prices and ultimately benefits those that can actually invest.
Productivity has tripled in the last few decades. Wages are stagnant. Retirement age is later. Some people can't ever retire. Benefits have gone south...as have union wages and benefits. Pensions have gone bye-bye and, until the ACA, the number without health insurance was off the charts.
If you would like to have a party for the following "improvements", then maybe I'll join you for a beer:
1. Higher debt and deficits...forever into the future....along with much higher interest rates (costs for these deficits and consumer debt, mortgages).
2. More and more for the top 10%, less for others. More and more for the top 1%.....any way you look at it.
3. Absolutely no change in the actual wages of the median income earners or lower classes.
"today’s real average wage (that is, the wage after accounting for inflation) has about the same purchasing power it did 40 years ago. And what wage gains there have been have mostly flowed to the highest-paid tier of workers."
You really consider this something all Americans should celebrate??? Really?
There you have it.....Angst, negativity,, jealously and hatred all in one..................
There you have it.....Angst, negativity,, jealously and hatred all in one..................
The rich will always get richer. They get paid interest on their money. The poor will always get poorer, they pay interest to the rich people who loan them the money. It's simple math really. Want to get rich? Stop borrowing money.
I still say that more jobs at your local Walmart, where some folks who've been sitting around and are finally able to work is a good thing.
I also say that when companies like Google decide to open a new data center, or invest 2B into one they already own that needs updating, well, the trickle down from that is a good thing.
More jobs put upward pressure on the labor supply. This in turn drives an increase in wages and compensation. Both of these factors lead to a couple of issues that are regarded as negatives for the Democratic party.
1) First is that it increases individual opportunity and reduces dependency on the government for aid. Productive people are less likely to vote for those that promise something for nothing that those that are desperate.
2) Putting more people to work means more people are paying taxes, specifically income taxes. And those people see first hand how much the government takes from their paycheck. Taxpayers LIKE to be able to keep more of what they earn. Makes it hard on the party of "higher taxes".
So to sum up, you're saying that more jobs and higher wages is not happening and if it is, it's not a good thing?
Huh? I specifically said: Of course you're right that more better-paying jobs would be good for everyone.
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