wages
Stagnant Wages, Yet Increasing Household Income…What Gives?
Every month for the last year, the Bureau of Labor Statistics’ wage data releases have continued to demonstrate that workers simply aren’t getting ahead. Despite some nominal growth, real wage growth has been consistently hovering around zero (rising at just a 0.2 percent annual rate from 2016-2017). At the same time, this year’s annual data release from …
Why Do Wages Rise?
Many people believe the only path to higher wages is to put in more work hours, but there are actually many economic factors that go into deciding the number on each worker’s paycheck.
Missing wages, urine bottles: Disturbing delivery driver stories
via businessinsider: Business Insider spoke with 31 current or recently employed drivers about what it’s like to deliver packages for Amazon. Some drivers described a variety of alleged abuses, including lack of overtime pay, missing wages, intimidation, and favoritism. Many of these …
We have a serious problem with real wages
by Shaun Richards One of the features of the early days of this website was the fact that there were regular replies/comments suggesting that wages and earnings would continue to be a problem for some time. I doff my cap …
HOUSINGBUBBLE 2 – INFLATION OF EVERYTHING BESIDE WAGES
via @OccupyWisdom : #HOUSINGBUBBLE 2 #INFLATION OF EVERYTHING BESIDE WAGES NEW HOME 1938 – $3,900 NEW HOME 2018 – $328,700 MEDIAN INCOME 1938 – $1,731 MEDIAN INCOME 2018 – $31,099 1938 NEW HOME = 2.25x INCOME 2018 NEW HOME = 10.57x …
AMAZON WAGES WAR VS BERNIE
Sanders has been dinging Amazon on Twitter and in public statements for months, claiming the company doesn’t pay its lower-level employees a fair wage. It’s a rare public response for Amazon. It has been largely silent amid repeated public attacks …
WHO COULD HAVE SEEN THIS COMING? Higher Minimum Wages Blamed for Closure of Iconic NYC Coffee Shop Where Alexandria Ocasio-Cortez Worked.
Socialists don’t have time to be looking back at the blazing trail of destruction they leave in their wake. via reason: Before she was the rising star of the progressive left, Alexandria Ocasio-Cortez worked shifts at the iconic Coffee Shop in Union Square, …
HATE YOUNG PEOPLE? TRY A MINIMUM WAGE: More evidence of the harm minimum wages are doing to young people trying to gain job skills
This time from Minnesota: Following the minimum wage increases limited service restaurant employment fell by 4% in Minnesota relative to Wisconsin. Further, youth employment fell by 9% in Minnesota following the minimum wage increases, while it increased by 10.6% in …
Rising Wages = Shrinking Corporate Profit Margins … And Falling Stock Prices?
by John Rubino Today’s Wall Street Journal contains a couple of charts that illustrate a relationship that’s not getting much media attention these days: The fact that tightening labor markets are forcing companies to raise wages, in the process squeezing their own …
LOW UNEMPLOYMENT & RISING WAGES? THAT’S HORRIBLE!!: Or at least that’s what CNBC thinks.
via newrepublic: Rising wages horrify CNBC but delight everyone else. On Thursday, the business news network tweeted: America’s labor shortage is approaching epidemic proportions, and it could be employers who end up paying. https://t.co/b1O21856sl — CNBC (@CNBC) July 5, 2018 …
Trump Tax-Cut Bonuses are a Bust for Middle Class Workers, Wages Lie in a Wasteland of Failed Promises
by David Haggith No, the Trump tax breaks for major corporations are not going to bonuses and wage increases. Sure we’ve seen some token $1,000 bonuses go out to laborers with hyuge orchestrated fanfare. The stint of articles you saw all over …
75% of Americans CAN’T AFFORD To Buy A Home! Prices Keep RISING But Wages Are STUCK!
Do you think the average person has overextended themselves? If so, what are they buying? The financial situation for most Americans isn’t looking pretty. With asset prices rising and wages remaining stagnant, we have encountered a big problem. There’s no …
Corporate Profits Are Crushing Wages, and the Tax Cuts Aren’t Helping
by Harry Dent There’s no end to the insanity. Our central bankers and politicians are trying to keep this artificial bubble going at all costs. How shortsighted. How arrogant. How selfish! These politicians will be roasted in history, not just for …
‘Stagflation’ & ‘Declining Wages’ Aren’t Just Theories: NYC Taxi Drivers Commit Suicide At Alarming Rates
from Zero Hedge May saw the fifth NYC taxi driver commit suicide in five months, an alarming trend which is gaining momentum. Yu Mein Chow, a 56-year-old immigrant, living in Queens, was found dead last week, floating down the East River near the …
Have Prices and Wages Peaked?
By Lance Gaitan I write about inflation extensively because it directly affects bond prices. When inflation rises, bond prices fall, and vice-versa. (And, of course, my readers book profits off those price moves via Treasury Profits Accelerator.) Wholesale (producer) prices usually foreshadow what’s …
Wages finally rise in Japan but are such small rises the future for us too?
by Shaun Richards This morning has brought news from the land of the rising sun or Nihon. Actually it is news that much of the media has been churning out over the Abenomics era when they have tried to report …
Salaries, Wages, Benefits: A Combustible Fuel For The Fed’s Tightening Machine.
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Slightly good news for workers, bad news for employer profits, and combustible fuel for the Fed’s monetary-policy tightening machine. Total compensation costs for civilian workers — which include wages, salaries, and benefits of workers in the …
Why the GDP Numbers Are A Complete Lie! Inflation UP But Wages DOWN!
In your opinion, do the GDP, inflation, employment, etc match reality?
The Problem with a State-Cartel Economy: Prices Rise, Wages Don’t
by Charles Hugh-Smith The vise will tighten until something breaks. It could be the currency, it could be the political status quo, it could be the credit/debt system–or all three. The problem with an economy dominated by state-enforced cartels and …
DNC Workers Sue Democrat Party Over Slave Wages For Working 80-90 Hours Per Week At The Same Time DNC Was Out Protesting "$15/hour", They Weren't Even Paying Their Own Workers Minimum Wage!
Throughout the 2016 presidential election, Democrats attacked the current federal minimum wage as a “starvation wage,” but according to a new lawsuit, they paid their own workers less than the amount currently mandated by law. “I think everyone’s reaction is …