In Today's World, Workers Are Scared

RCM ^ | 09/02/3013 | Robert Samuelson

[SeekAndFind]

On this Labor Day, American workers face a buyers' market. Employers have the upper hand and, given today's languid pace of hiring, the advantage shows few signs of ending. What looms, at best, is a sluggish descent from high unemployment (7.4 percent in July) and a prolonged period of stagnant or slow-growing wages. Since 2007, there has been no gain in average inflation-adjusted wages and total compensation, including fringes, notes the Economic Policy Institute, a liberal think tank.

[FreeperCell]

The dullness of the American economy comes only from government over regulation. The economy could be turned around overnight if we could remove certain people from power.

[Olog-hai]

Not just regulation, but taxation. The highest corporate tax rate on the planet does tend to drive away jobs.

[DoodleDawg]

Public unionization is 36 percent, but that's another story.

It's ironic that the sector that needs the protection the least is the one mose heavily unionized.

[DoodleDawg]

"The new compact isn't about being nice," the article says. "It's based on an understanding that a company is its talent, that low performers will be cut, and that the way to attract talent is to offer appealing opportunities."

Wrong. A company today is its shareholders, and those are the only ones they cater to. Companies view their talent as expendable, easily replaced resources and they will cut low performers, high performers, and anyone in between if it will make their bottom line look better.

[Buckeye McFrog]

The weak job market has a semi-permanence unlike anything seen since World War II,

uhhh.....the Carter Administration?

[stars & stripes forever]

America no longer follows the 2 CHRONICLES 7:14 prinipal:

“14 If MY people, who are called by MY name, will humble themselves and pray and seek MY face and turn from their wicked ways, then I will hear from heaven, and I will forgive their sin and will heal their land.”

GOD keeps HIS promises.

[Rusty0604]

Employment should be a private agreement with the wages, working hours and job description agreed to by the 2 parties involved. In a free market there is no need for the gov’t to regulate employment.

[Old Yeller]

Don’t worry. Hussein is about to end the world as we know it. Jobs won’t matter anyway.