3% raise and your insurance goes up 10%... that's progress
Posted on 09/03/2015 2:54:16 PM PDT by BenLurkin
The declines were greatest for the lowest-paid workers in sectors where hiring has been strong — home health care, food preparation and retailing — even though wages were already below average to begin with in those service industries.
“Stagnant wages are a problem for everyone at this point, but the imbalance in the economy has become more pronounced since the recession,” said Irene Tung, a senior policy researcher at the National Employment Law Project and co-author of the study.
Jasmin Almodovar, a home health care aide in Cleveland, knows all about that.
She has worked for the same health care agency since 2003, and for the first four years she received an annual wage increase of 25 cents an hour. But since 2007, her hourly pay has been stuck at $9.50 an hour.
“I’ve asked for raises several times, and each time I get the runaround,” said Almodovar, who is licensed by Ohio as a nurse’s assistant.
In many ways, Almodovar’s predicament encapsulates the contradictions evident each month when the government reports the latest figures on hiring and unemployment.
And the report by NELP, a left-leaning research and advocacy group, underscores why so many Americans are still angry about the economy and with what they see as the inability of Democratic and Republican leaders in Washington to do anything to improve living standards for many ordinary workers.
... NELP’s analysis showed that once inflation was taken into account, median wages across all occupations fell 4 percent between 2009 and 2014.
(Excerpt) Read more at kansascity.com ...
All I know is lunch at a deli cost me around $5 back in 2008. Now it costs me $10 for the same thing.
All hail Obummer, King of the common people.
What recovery?
What economic recovery? Things are as bad for me if not worse since then.
Did crazy Uncle Joe find another nickel on the floor again?
There are still too many qualified workers. When the nurse’s assistant making $9.50 can go to another hospital and be offered $10.50, then wages will start to rise. Right now, there are enough qualified candidates at the lower level.
Obviously things are different if you have a high level of skills. Top people in law, medicine, IT, and finance are able to steadily improve their incomes.
Inflation is definitely not at 2% for living expenses. It’s at 2% for discretionary items.
Farm Income Projected to Drop 32% in 2015
The ag sector has faired well enough, but this is bad news.
One reason there is an excess of workers for entry-level nursing jobs (CNA-licensed) is that employers are dead set against increasing staffing levels. Hospitals, nursing homes, and home-health agencies are chronically understaffed, to the detriment of patients.
3% raise and your insurance goes up 10%... that's progress
...take home pay for U.S. workers has in effect fallen since the economic recovery began in 2009, according to a study by an advocacy group released Thursday... ...the report by NELP, a left-leaning research and advocacy group, underscores why so many Americans are still angry about the economy and with what they see as the inability of Democratic and Republican leaders in Washington to do anything...
If the posts on this thread are any indication our 'conservative' freepers are satisfied though.
Well, we spend nearly 18% of GDP on health care. If these places ‘staffed up to meet needs’, we’d probably get above 20% of GDP.
Eventually, of course, we will spend our entire GDP on health care, and have nothing left for food and shelter...
When wages fall there is no recovery.
Not even. It’s 2% when prices are hedonically adjusted by a fantasy formula with no connection to reality. If you look into the details of how they actually come up with that figure, it will shock you.
when we finally have an economic recovery, if we are so fortunate to have one someday....that will be the time to publish articles about its impacts
The amount “we” spend on medical care, including nurses’ aides, is simply the aggregate of individuals’ preferences. Unfortunately, that sector is so permeated by government involvement, regulation, and spending that we have no way of knowing to what extent people would prioritize medical spending over other sectors, in a market in which they paid for their choices.
If the ‘low’ unemployment rate was legit salaries would be rising as the labor market tightened...the flat/falling salaries proves we’ve replaced a lot of full time jobs with part time jobs to evade Obamacare, among other things.
Doing a great job there obammy,
ya half breed dope.
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