Posted on 03/09/2022 8:52:25 AM PST by ChicagoConservative27
That is saying a lot, seeing as how the disability system was already massively misused, abused, exploited, cheated, and corrupted for decades.
It should be interesting at work soon. One woman got very good ratings and the traditional 3% increase. She asked for more, was refused and quit for another job causing the company to have to bring people from out of town to cover for her until her replacement is hired (probably for more money) and trained. She was the first I know of to get the annual review and I expect a lot more to use their 3% raise as the baseline for their negotiations at new jobs. I wouldn’t be surprised to see over a 20% turnover in the next month
Covid was the dont ask/don’t tell go directly to disability and collect $200 scam.
You and I have discussed wages often.
Imho the key point is that in an inflationary environment companies cannot afford to raise worker wages to keep up with inflation.
Companies must project future cost increases in their projections, and if those are uncertain they must estimate on the high side.
It is not greed or selfishness, it is just common sense.
That creates a lose lose scenario for both companies and workers.
Opinion? The laws of supply and demand are not opinions!! Those unwilling to raise labor rates should go out of business. Labor is a commodity. DEAL WITH IT. Either that or they can all GTH.
I see a few of the same type guys, mostly at interstate off ramps.
“Those unwilling to raise labor rates should go out of business.”
Many of them will.
That is why an inflationary environment is lose lose.
This isn't hard.
Some of them will win and some will lose.
The Carter inflation radically changed the US economy—destroyed many companies who did not raise wages high enough—and destroyed many companies (mostly unionized at that time) who raised wages too high.
Lose lose.
Get used to those words—there will be a lot of that going on...
Unions are a non factor. Only 6% of the work force is in a union. FYI It’s not 1978 anymore.
Correct—that is why this is going to get even wackier.
I expect total chaos in this economy—companies will guess too low, too high, and only some of them will get lucky.
We are entering casino land....
Plus not enough young people going into the trades - more electricians retired in the past 3 years than replacements coming into the trade.
Wages should be going up for trades. Good.
I often wonder - if we have a stock market that continues to decline past bear market levels - that (along with painful inflationary prices of every commodity) could very well propel some previously retired workers to return to the workforce. Am I missing something in this feedback loop?
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