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 ...
Promises that were made on an industrial scale, over the course of generations, will be broken, on an industrial scale, over a period of years or perhaps even mere months.
There will be much wailing and gnashing of teeth.
Thanks to Chump Change Barry.
Uh no...it’s a left wing commie website that posts communist propaganda.
If you find something posted there....it’s spun or flat out bullshit.
I know it is a terrible time to try to retire. It just looks totally bleak.
There are no returns on investment to speak of this year or last for that matter.
My apologies. I will clear ALL posting sources through you from here on out and *PING* you to anything I respond to, henceforth!
Please *PING* me so I can *PING* you if I miss a *PING* to you.
“My apologies. I will clear ALL posting sources through you from here on out and *PING* you to anything I respond to, henceforth!
Please *PING* me so I can *PING* you if I miss a *PING* to you.”
Leap to the ubsurd why dont you....if you post Communist agit-prop on FR you can expect to get called on it.
Huge amounts of both legal and illegal immigration are responsible for this situation. It is working as planned.
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