Posted on 08/02/2015 7:23:30 PM PDT by TigerLikesRooster
U.S. Paychecks Grow at Record-Slow Pace
By THE ASSOCIATED PRESS JULY 31, 2015, 9:31 A.M. E.D.T.
WASHINGTON — U.S. wages and benefits grew in the spring at the slowest pace in 33 years, stark evidence that stronger hiring isn't lifting paychecks much for most Americans. The slowdown also likely reflects a sharp drop-off in bonus and incentive pay for some workers.
The employment cost index rose just 0.2 percent in the April-June quarter after a 0.7 increase in the first quarter, the Labor Department said Friday. The index tracks wages, salaries and benefits. Wages and salaries alone also rose 0.2 percent.
Both measures recorded the smallest quarterly gains since the second quarter of 1982.
(Excerpt) Read more at nytimes.com ...
P!
Will the New York Times suggest w bringing in another 30 million illegals to keep wages down?
“The slowdown also likely reflects a sharp drop-off in bonus and incentive pay for some workers.”
And a massive tax increase and hiring disincentive called ObamaCare.
Nice headline. Very creative.
I’ve been doing more of my never ending research on retiring... not going to happen for most people who are self-funded.
That said though... wages aren’t growing because the economy is stuck. The world economy is stuck as well. Gains in the stock market have been largely from stock buy backs because profits went up when people were not hired back and the recovery only was for the corporations for the most part.
NOTHING IS GROWING but insecurity and uncertainty.
I looked back 20 years at my planning assumptions. We were getting 8% on money market stuff... the 4% rule was alive and well. Since 1996 the dot com bubble burst and we had the great recession. Most of the gain since then has just been plowing back. In ten-year periods since 2000... a flat 2% investment beat the stock market most of the time.
The world economy is dead and not growing. Why? It is worse here because of obongo. I get that but why is the world also stagnant?
All over the world, debts are serious problem. Both consumer and government debts are increasing in many well-to-do countries. It is not just the U.S.. In many cases, their situation is more fragile.
This summary explains a lot of our worldly woes. Don’t let the name of the site fool you; there is good information here! Living on credit, which is what the entire WORLD has been doing for nearly a decade now, is a HUGE part of the problem.
‘World Socialist Website’
https://www.wsws.org/en/articles/2015/02/18/econ-f18.html
Global debt has increased by $57 trillion since 2007 to almost $200 trillion, far outpacing real economic growth, with the share of debt rising from 270 percent to 286 percent of global gross domestic product. “Overall debt relative to gross domestic product is now higher in most nations than it was before the crisis” with higher levels of debt posing “questions about financial stability,” the report noted.
And those of us that live within our means KNOW this, but are seemingly powerless to stop it.
200 trillion? The only way “out” is to just basically have some sort of jubillee where all debts are written off and we just reset everything. The downside is to figure out the logistics but there is no way on God’s green Earth where we can pay it off, it is mathematically impossible or soon will be. We can only kick this can so far.
Can’t imagine why with illegals pouring in across the borders and left and right morons encouraging it.
A more likely scenario is a long period of high inflation engineered by governments. The worst, but not a remote possibility, is what is happening to Greece.
The former is probably the best case scenario.
Hispanic votes, which pols want, and business lobby, who always wants cheap labor.
‘World Socialist Website’
seriously?
So I am not alone?
Furloughed for 18 months in 2008/09. No raise since then. Same pay as in 2007.
But at least I have a job. I kiss the ground daily that I have a secure job. We are still in an economic depression, just the government has done a GREAT job of keeping all those plates spinning in the air. When they do finally crash, it is going to be very painful for us all.
Here is hoping they can delay the coming collapse 2 more decades. That is all I need. Just 20 years, then I will be dead and gone.
The world is overburdened with debt. The world economies, ours included, is trying to de-leverage with a deflationary depression. The world’s bankers are trying to print fiat money to delay this collapse. So far they are delaying the collapse but all of our combined trillions of dollars are going down a rat hole, producing nothing. All these many trillions of dollars are needed just to keep the world economies stagnating. Without all the printing, we would be deflating toward economic depression.
The usual way out is war. Here is hoping for your peaceful Jubilee instead.
Agreed.
I know, LOL! I think they keep TABS on the Socialists. ;)
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