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Keyword: wages

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  • Wages have in effect fallen since the economic recovery, study says

    09/03/2015 2:54:16 PM PDT · by BenLurkin · 17 replies
    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...
  • Jesse Ventura rips Scott Walker: He’s against equal pay, his faith says women are ‘subservient’

    08/31/2015 11:52:04 PM PDT · by Cincinatus' Wife · 39 replies
    The Raw Story ^ | August 31, 2015 | Arturo Garcia
    Ora.TV host Jesse Ventura ripped Wisconsin Gov. Scott Walker (R) for signing an extreme anti-abortion bill into law last year, sarcastically saying it did not go far enough. “If he believes that if a doctor performs this it’s murder, then charge the doctor with murder. And it’s premeditated so it would be first-degree murder, wouldn’t it?” he said. “These guys, if they truly want to stand up for it, then they gotta go all the way with it.” The bill bans the procedure after the 20-week mark of any pregnancy, and does not contain exceptions for rape and incest victims....
  • Economics 102: WalMart Cuts Worker Hours After Hiking Minimum Wages

    08/31/2015 11:42:44 AM PDT · by Enlightened1 · 19 replies
    Zero Hedge ^ | 08/31/15 | Tyler Druden
    But the story didn’t stop there. Late last month we highlighted an internal memo circulated at Arkansas recruiting firm Cameron Smith & Associates which looked to be an attempt to prepare the firm’s employees for layoffs at Wal-Mart’s home office. Then, not a week later, Bloomberg ran a story detailing the grievances of some senior Wal-Mart employees who suddenly realized that although they may still be making more than their subordinates, the wage hierarchy had been distorted and that distortion had nothing to do with merit. As we put it, “higher paid employees don’t understand why everyone under them in...
  • Wendy’s To Switch To Self Ordering And Automation To Avoid $15/hr Wage hike

    08/11/2015 5:45:11 PM PDT · by thomasryan · 118 replies
    GOVT SLAVES ^ | 8/11/15 | Jonathan Maze
    Wages are rising in the restaurant industry. There are two reasons for this. Minimum wages are increasing in many states. And it’s tougher for growing concepts to find workers. Consider The Wendy’s Company. On its earnings call earlier this week, executives acknowledged that wage costs are increasing — one of several restaurant chains to admit this in the last couple of quarters. Part of this is coming from rising minimum wages. But another part is coming from competition for labor. “There is a war on talent,” CFO Todd Penegor said on the earnings call. As such, the chain has to...
  • Study Showing 15-Dollar-an-Hour Fast-Food Wages Would Raise Prices by Only 4 Percent Is Very Wrong

    08/05/2015 6:35:24 AM PDT · by SeekAndFind · 59 replies
    National Review ^ | 08/05/2015 | James Sherk
    If something seems too good to be true, it probably is. Unfortunately, many journalists did not remember that when covering a new report claiming $15-an-hour wages would raise fast-food prices only 4 percent. A closer look shows that the study underlying the report had major methodological errors. More serious analysis shows that $15-an-hour wages would raise fast-food prices by over a third — at least until stores automate work currently done by humans. The study, by Purdue University economists Richard Ghiselli and Jing Ma, has made quite a splash. The Washington Post covered it extensively, concluding that the higher wages...
  • Socialist Bernie Sanders DEMANDS $15 minimum wage – PAYS interns $12 an hour! LOL!

    07/25/2015 8:52:44 PM PDT · by lowbridge · 41 replies
    therightscoop.com ^ | july 25, 2015
    And in today’s edition of “look at this hypocritical liberal,” we have Bernie Sanders, the grump socialist, who demands that everyone in America pay their employees at least $15 no matter what their wages are actually worth in the free market. Now let’s see what he pays his interns! From MRC-TV: Included in the 62 million workers making under $15 hour are members of Bernie Sanders’ own staff. According to the senators’ website, Interns are paid only $12 an hour. In [Bernie’s] bill’s summary, the first bullet point reads, “No one working full time should be in poverty. It is time to pay workers a...
  • Fast Food Franchise Owners Consider Suing N.Y. Over Minimum Wage

    07/24/2015 4:03:49 PM PDT · by Oldeconomybuyer · 26 replies
    NBC News ^ | July 24, 2015
    Gov. Andrew Cuomo wants to have it his way with New York's fast-food industry — and restaurant owners aren't loving it. Franchise owners say they're considering a lawsuit against Cuomo's plan to raise the minimum wage in their eateries to $15 an hour, arguing that it is not fair or legal to be saddled with such a significant increase in labor costs that won't apply to retail, landscaping, child care or other traditionally low-wage industries. "Singling out fast food restaurants while ignoring other industries that hire workers who are paid under $15 is unfair and discriminatory, harms New York workers,...
  • MARK LEVIN : NUMBERS YOU HEAR ON IMMIGRATION ARE A LIE

    07/14/2015 5:31:57 PM PDT · by Hojczyk · 19 replies
    Breitbart ^ | July 14,2015 | by TONY LEE
    Trump is resonating with Americans, especially the so-called “silent majority,” by speaking bluntly about illegal immigration, and Levin also had some politically incorrect points to make on the subject. While listening to Breitbart News Sunday, Levin said he was particularly bothered by the claim—made by politicians on both sides of the aisle—that there are so many so-called “jobs that Americans will not do.” Levin mentioned that, according to the Census, 73% of janitors are American citizens, as are 51% of maids and housekeepers, 58%of taxi drivers, 64% of landscapers, 66% of construction workers, and 72% of bellhops, porters, and concierges....
  • What Your Boss Really Means By "No One Is Getting A Raise."

    07/07/2015 5:08:35 AM PDT · by SeekAndFind · 22 replies
    Forbes ^ | 07/07/2015 | Simon Constable
    We are now half way through the calendar year, and for many that means mid-year performance reviews. Or even worse, for some with odd fiscal years, it can be time for talks about money. Both inside and outside of those meetings what you have been told can be confusing. You need to understand what your boss really means, not just what is said. Believe me, I’ve spent enough time in corporate America, and enough time in human resource jobs, to know the difference. This stuff applies whether you work for a massive multinational like Google , or General Motors GM...
  • McDonald’s Announces Its Answer to $15 an Hour Minimum Wage – Touch-Screen Cashiers

    06/16/2015 10:29:46 AM PDT · by QT3.14 · 73 replies
    Gateway Pundit ^ | June 15, 2015 | Jim Hoft
    This is exactly what the left pushed for… Fast food chains were never meant to be a place for someone to raise a family of 6, they were to be part time positions with some full-time advancements. Mostly the fast food restaurants were for school aged kids to learn how to interact with people, with a job, to offer spending money, and to begin responsibility learning for their future.
  • Remember what Obama, Pelosi & the DNC said about Gap agreeing to #RaiseTheWage?

    06/15/2015 7:15:33 PM PDT · by SoFloFreeper · 13 replies
    ...Not all that long ago, Gap, Inc. was among the retailers the White House praised for participating in their #RaiseTheWage push:...Obama even visited a Gap store in March of last year to thank them for doing as Democrats instructed.....Let’s check out how that’s coming along just over a year later:
  • What You Need to Know About the Initiative to Repeal Prevailing Wage in Michigan

    06/09/2015 8:05:54 AM PDT · by MichCapCon · 6 replies
    Michigan Capitol Confidential ^ | 6/5/2015 | Jack McHugh
    As part of the negotiations to get Proposal 1 on the May 5 ballot, Gov. Rick Snyder reportedly promised to veto a potential repeal of the state's “prevailing wage” law. This law prohibits awarding government construction contracts to the lowest bidder, unless the contractor pays the equivalent of union wages that often exceed market rates. Studies have shown that this adds hundreds of millions of dollars annually to the cost of government infrastructure projects, including school construction and road repairs. Snyder has not denied those reports, and even though voters turned down the proposed sales tax hike in May, there...
  • Vague Scope of Fast Food Wage Board Suits Union Interests the Most

    06/08/2015 9:33:58 AM PDT · by Kaslin · 11 replies
    Townhall.com ^ | June 8, 2015 | Ashley Pratte
    As New York Governor Anthony Cuomo fast-tracks his arbitrary wage increase targeting the state’s fast food industry, scarce attention has been given to the actual language in the proposal. Cuomo, of course, hastily created the Fast Food Wage Board soon after an error-ridden op-ed appeared in the New York Times. The non-legislative board held its first meeting last week as it determines an "adequate" wage for fast food workers in the Empire State. Acting Labor Commissioner Mario Musolino, who is overseeing the three-member kangaroo court, set forth a definition to guide its efforts. Musolino has said that “fast food chains”...
  • Obama set to use sneaky administrative maneuver to force huge wage increase

    06/08/2015 10:51:53 AM PDT · by Sean_Anthony · 14 replies
    Canada Free Press ^ | 06/08/15 | Dan Calabrese
    The overlord of overtime. Obama set to use sneaky administrative maneuver to force huge wage increaseHis cheerleaders at the worst web site in the world call it “the most ambitious government intervention on wages in a decade,” and since this is the Obama Administration we’re talking about, you surely won’t be surprised to know it’s happening without any involvement from Congress. Barack Obama isn’t going to get Congress to pass a statutory increase in the minimum wage, but he’s very skilled at finding ways to push executive authority to the legal limit - or beyond - to accomplish goals he...
  • Scott Walker On The Dana Show 5-22-15

    05/22/2015 12:56:54 PM PDT · by Cincinatus' Wife · 1 replies
    FM News Talk ^ | May 22, 2015 | Dana
    29:00 [click on picture then click on red dot to listen]
  • Pending $15 minimum wage forces Seattle pizza shop to close

    05/22/2015 8:37:03 PM PDT · by grundle · 62 replies
    KPLC ^ | April 29, 2015
    A pizza shop owner in Seattle says the city's new minimum wage law is forcing her to close her doors. The new law says businesses have six years to phase into giving employees $15 an hour. Devin Jeran was happy to get a raise when Seattle's minimum wage went up to $11 an hour at the beginning of the month. “I definitely recognize that having more money is important, especially in a city as expensive as this one,” he said. He'll only enjoy that bigger paycheck for a few more months. In August, his boss is shutting down Z Pizza,...
  • The Living Wage Diaspora

    05/22/2015 8:46:04 AM PDT · by Academiadotorg · 1 replies
    Accuracy in Academia ^ | May 22, 2015 | Malcolm A. Kline
    Believe it or not there is actual evidence that illegal immigration does depress wages for the native-born but you are not likely to hear about it in the multitude of classes that touch on various “diasporas.” “In studies at meat-packing plants, when illegal immigrants are taken out, wages went up,” Professor Philip Cafaro pointed out in a panel discussion at the National Press Club last Thursday sponsored by the Center for Immigration Studies (CIS). Cafaro teaches philosophy at Colorado State University in Fort Collins. He has amassed a multitude of research on the subject, much of it on display in...
  • The ‘low-wage recovery’ is a myth

    05/21/2015 7:43:44 AM PDT · by SeekAndFind · 12 replies
    Washington Post ^ | 05/21/2015 | Robert Samuelson
    Guess what? This isn’t a low-wage job recovery. Listen to the media, and you might think that the only kind of jobs being created are in fast-food restaurants and retail chains. It turns out that this is wildly misleading and that the economy’s employment profile — the split between high- and low-paying jobs — hasn’t changed much since the recession or, indeed, the turn of the century. Put differently, the share of high-wage jobs is just below one-third of all employment, roughly where it was in 2000 and 2007 — the last year before the financial crisis. Similarly, the share...
  • Here's How Much Michigan 'Prevailing Wage' Law Costs Your School District

    05/19/2015 5:24:42 AM PDT · by MichCapCon · 1 replies
    Michigan Capitol Confidential ^ | 5/13/2015 | Jack Spencer
    Michigan’s “prevailing wage” law costs residents more than $224 million each year, according to the Anderson Economic Group. Now there’s a website that brings the impact of that even closer to home. Created by the Associated Builders and Contractors (ABC) of Michigan, the new site, www.TimeForRepeal.com/waste-calculator/, lets people learn the cost of prevailing wage mandates for individual school districts. ABC of Michigan, which represents commercial, governmental and industrial construction industries, has consistently advocated for eliminating the state’s prevailing wage law, which essentially requires construction firms doing work for the government to pay union scale wages and follow union work rules....
  • We Might Be Better Off if Professionals Paid More for Manicures—and Other Low-Wage Services

    05/13/2015 6:26:08 AM PDT · by SeekAndFind · 21 replies
    National Review ^ | 05/12/2015 | Reihan Salam
    There are millions of low-wage immigrant workers across the United States who make life easier for professionals in various ways. These immigrants prepare and serve meals, clean homes and offices, care for children and aging parents and grandparents, drive passengers to and fro, and, among many other things, clean, trim, and paint nails. Over the past few days, Sarah Maslin Nir’s two-part report in the New York Times on labor conditions in America’s burgeoning manicure industry has attracted a great deal of attention, and for good reason. Nir’s work is a powerful reminder that low-wage immigrant workers aren’t always treated...
  • Boyz II Men co-founder launches campaign to help homeless Capitol worker

    05/04/2015 6:08:37 AM PDT · by SoFloFreeper · 7 replies
    CNN ^ | 4/27/15 | Dana Bash
    ...After seeing CNN's story Friday on Charles Gladden -- a man who works in the Senate cafeteria but lives on the streets -- Nathan Morris, the co-founder of musical group Boyz II Men, started an online call to arms to help. Using a crowd-funding site "Go Fund Me," Morris urged people to make a donation to help Gladden find housing.... ...Gladden, 63, makes about $11 an hour, and takes home about $360 a week. But he said he gives a lot of it to his children and grandchildren, who have their own financial troubles. "I take care of them," he...
  • Jobs elusive for 40% of area poor: Survey respondents still struggling

    05/03/2015 1:41:59 PM PDT · by 2ndDivisionVet · 47 replies
    The Fort Wayne Journal Gazette's Local ^ | May 3, 2015 | Sherry Slater
    A survey targeting local low-income families has found that 40 percent of respondents felt they have very little or no job security, according to results being released this week. That kind of instability makes it challenging to commit to car loans, apartment leases and tuition payments – steps often necessary to improving a family’s economic standing. Of those participating in the survey, more than 1 in 2 has received free groceries or meals and about 1 in 4 has needed help with housing, utilities or health care. The 502 responses reflect the experiences of those who continue to struggle in...
  • Congress: Middle class incomes drop as immigration surges

    04/23/2015 2:23:07 PM PDT · by xzins · 46 replies
    Washington Examiner ^ | APRIL 23, 2015 | PAUL BEDARD
    Wages of America's middle class have dropped below 1970s levels as immigration has surged 325 percent, according to a new congressional report that questions claims that native Americans are economically helped by greater immigration. The nonpartisan Congressional Research Service report studied immigration and middle class income from 1945-2013 and found that as immigration slowed between 1945 and 1970, American incomes increased. But when immigration expanded, the incomes of the bottom 90 percent of Americans went flat and then dropped beginning in 2000. In the report to the Senate Judiciary Committee, the CRS reported that the foreign-born population of the United...
  • Scott Walker: Immigration policy should protect American wages as well as the border

    04/10/2015 1:40:37 PM PDT · by SeekAndFind · 54 replies
    Hotair ^ | 04/10/2015 | Ed Morrissey
    Ever since Scott Walker began engaging on the national stage, he’s been dogged by questions about his policies on immigration. The Wisconsin governor admits that his position has changed from a few years ago, a change he attributes to having more opportunity to study the issue now that the cycle of elections in Wisconsin has finally played all the way out. Still, Walker has had some trouble defining the issue in a way that makes him stand out from the field.Did he succeed last night? In an interview with Sean Hannity, Walker said that immigration policy should have as...
  • Five Reasons Why Prospects for Jobs, Wage Gains Are Dimming

    04/02/2015 9:56:01 AM PDT · by SeekAndFind · 11 replies
    Townhall ^ | 04/02/2015 | Prof. Peter Morici
    Friday, the Labor Department is expected to report the economy added 247,000 jobs in March down from 295,000 in February and 324,000 during the fourth quarter. Wages, for all but the most skilled professionals, continue to advance only slowly, and going forward good paying jobs and pay raises will likely be even scarcer for struggling middle and working class Americans. The headline unemployment rate is down to 5.5 percent, from the recession high of 10, largely because fewer adults are participating in the labor force—for example, the 7 million men ages 25 to 55 that neither have a job nor...
  • Hotel employee tells newspaper how hard it is to live on minimum wage, then manager fires her

    03/31/2015 11:23:05 AM PDT · by rickmichaels · 36 replies
    National Post ^ | March 31, 2015 | Chico Harlan, Washington Post
    Shanna Tippen was another hourly worker at the bottom of the nation’s economy, looking forward to a 25-cent bump in the Arkansas minimum wage that would make it easier for her to buy diapers for her grandson. When I wrote about her in the Post last month, she said the minimum wage hike would bring her a bit of financial relief, but it wouldn’t lift her above the poverty line. She called me the other day to say she didn’t get to enjoy the 25-cent hike for long. After the story came out, she says she was fired from her...
  • Why There Is No Wage Growth In America

    03/28/2015 10:42:44 AM PDT · by SeekAndFind · 23 replies
    Zero Hedge ^ | 03/28/2015 | Tyler Durden
    Over the past 2 years the Obama administration has been desperate to boost minimum wages, usually over tedious bickering with republicans and corporations who have resisted such an increase, with neither party realizing that such a measure would not do much to actually boost aggregate spending. Instead, what Obama should have been focusing on was to limit the maximum number of hours worked per week, because as the following chart shows, the reason why weekly pay is rising and aggregate earnings is not due to an increase in hourly wages but because Americans are simply working longer hours every...
  • The Mystery Of America's Missing Wage Growth Has Been Solved

    03/11/2015 9:06:28 PM PDT · by Paul R. · 29 replies
    ZeroHedge ^ | 3/11/2015 | Tyler Durden
    ...the next time anyone asks why there is no broad-based pick up in consumer retail spending across the entire population, just show them the above charts.
  • Record setting number of women not in the labor force

    03/06/2015 1:45:11 PM PST · by xzins · 22 replies
    Young Cons ^ | 6 Mar 15 | Michael Cantrell
    Leftists love to constantly spout off about the “war on women” by conservatives and Republicans. Because, you know, we hate women if we believe they shouldn’t murder their unborn children or something. They also claim women are discriminated against in the workplace by making less money than men, again spewing nonsense and incomplete facts in order to persuade women to vote Democrat. The only problem is, if you look at the statistics involving women in the workforce, you start to see it’s really the loony left that has a war on women. From CNS News: A record 56,023,000 women, age...
  • Albertans make too much money, some economists say

    03/05/2015 3:19:47 AM PST · by WhiskeyX · 10 replies
    CBC News ^ | Mar 05, 2015 5:00 AM ET| Last Updated: Mar 05, 2015 5:00 AM ET | Tracy Johnson
    Alberta wages almost 25% higher than Canadian average Economists, politicians and business leaders seek ways to bring wages down Springtime is typically oilpatch bonus season. As the grass turns green, car dealerships and upscale stores tend to get busier. This year is different. Bonuses — if they exist at all — are expected to be small. Wages have been frozen. Oilpatch workers are happy to have a job at all. And that's the private sector. Public sector workers, like teachers and nurses, are on high alert as the provincial government makes increasingly loud noises about reopening their contracts to cut...
  • Walmart Recent Wage Increase a Free Market Success

    02/20/2015 1:39:45 PM PST · by ThethoughtsofGreg · 13 replies
    American Legislator ^ | 2-20-15 | Cara Sullivan
    Yesterday, Walmart announced that, beginning in April of this year, the company will raise the pay of all its employees to at least $9 an hour. In 2016, the company’s minimum pay rate will again jump to $10. This move will affect approximately 500,000 Walmart employees and, along with several other changes such as increased training and scheduling options, is estimated to cost the company $1 billion. Walmart’s pay increase follows a number of businesses, including Aetna, Ikea and Gap Inc., that have announced an internal company minimum wage higher than the federal minimum of $7.25 an hour. While some...
  • When Leftwing Economists Gruber and Krugman Practiced Economics

    02/05/2015 7:37:45 AM PST · by Kaslin · 1 replies
    Townhall.com ^ | February 5, 2015 | Larry Elder
    resident Barack Obama, in his State of the Union speech, called for a minimum-wage hike and for government-mandated paid family and medical leave. "We are the only advanced country on Earth," said the President, "that doesn't guarantee paid sick leave or paid maternity leave to our workers." On the minimum wage, Obama issued this challenge: "And to everyone in this Congress who still refuses to raise the minimum wage, I say this: If you truly believe you could work full-time and support a family on less than $15,000 a year, try it. If not, vote to give millions of the...
  • Indian employees likely to see a 11.3 percent wage hike this year

    01/28/2015 7:25:23 PM PST · by 2ndDivisionVet · 26 replies
    Forbes India ^ | January 28, 2015 | Debojyoti Ghosh
    W orking professionals across sectors might not have much to cheer this year as salary increases likely to see a “marginal” rise compared with last year’s pay hikes in India. According to a study released today by global management consultancy Hay Group, employees across job roles can expect an average of 11.3 percent wage hike in 2015 led by FMCG and chemical industry. Last year, the actual average salary increase was recorded at 10.9 percent across industries, the report noted. “The study that we have conducted predicts that the pay raise in 2015 will remain in double digits. At this...
  • Why Not Double the Prevailing Wage?

    01/28/2015 6:51:27 PM PST · by MichCapCon · 16 replies
    Michigan Capitol Confidential ^ | 1/26/2015 | Jarrett Skorup
    Michigan’s prevailing wage law sets an arbitrary mandate for what public entities (like schools) have to pay for construction projects. Top Republicans in Lansing rightly want to eliminate these mandates, as the Mackinac Center has recommended for years. This is estimated to save taxpayers more than $200 million per year. Democrats disagree with the proposed changes. "It's extremely disappointing that the first priority of Republicans is to lower wages and have people work for less," said House Minority Leader Tim Greimel, D-Auburn Hills. "It's just another example of Republicans' relentless push for cheap labor." But if government can set an...
  • Solving the Puzzle of Stagnant Wages

    01/26/2015 6:43:57 AM PST · by C19fan · 7 replies
    Wall Street Journal ^ | January 25, 2014 | Edward P. Lazear
    The elation over wage increases in private business reported in last month’s job report has been replaced by disappointment. The Bureau of Labor Statistics reported on Jan. 16 that average hourly earnings fell five cents in December, eating up most of the six-cent increase in November. Between 2010 and 2014, the average real wage fell 1.1%, a poor showing after rising 3.4% between 2006 and 2010. What accounts for this performance? There are basically two ways that the average economywide wage can fall. There might be a shift in employment away from high-paying to lower-paying industries; in other words, the...
  • Why Wages Lag Employment Recovery

    01/19/2015 6:20:13 AM PST · by SeekAndFind · 34 replies
    RCM ^ | 01/19/2015 | Robert Samuelson
    The great wage mystery deepens. In economic recoveries, there usually comes a time when strong job gains lead to strong wage gains. Businesses must pay more to recruit and retain the workers they need. Not this time - or at least not yet. The unemployment rate has dropped from a peak of 10 percent in October 2009 to 5.6 percent at the end of 2014. But hourly wage gains haven't accelerated. They've plodded along at about a 2 percent annual rate, roughly matching inflation. Economists are baffled. "This labor market recovery looks different from anything since World War II," says University...
  • Can Liberals Talk About Standard-of-Living Stagnation Without Sounding All Socialist?

    11/11/2014 2:36:21 AM PST · by Cincinatus' Wife · 14 replies
    Slate ^ | November 10, 2014 | Ben Mathis-Lilley
    Much of the discussion of last Tuesday's election results has addressed voters' ongoing dissatisfaction with what, by the numbers, is an improving economy. Commenters like Slate's William Saletan noted that Republicans won by using liberal-sounding economic rhetoric to play on income-stagnation angst. President Obama talked about the issue in a press conference, citing the dearth of high-wage jobs amidst the recovery. Today Josh Marshall of the progressive news and commentary site Talking Points Memo and Derek Thompson of the Atlantic poke deeper into the issue. They really poke the heck out of the issue, I tell you! Marshall's piece is...
  • There Is No Wage Growth: America Will Soon Have More Waiter/Bartenders Than Manufacturing Workers

    11/07/2014 6:57:38 AM PST · by SeekAndFind · 51 replies
    Zero Hedge ^ | 11/7/2014 | Tyler Durden
    While the headline jobs print was a modest kneejerk disappointment at least until it is appropriately spun in some sort of "goldilocks" frame, where the October jobs report was a true disappointment, was in the report of average hourly earnings: rising at just 0.1% for the month and 2.0% Y/Y, it missed expectations across both metrics. As a reminder, even Janet Yellen has observed that with the unemployment rate ridiculously low and thus meaningless to shape policy, the key thing the Fed head is watching is any changes in wages to determine where benign wage inflation is headed. Well,...
  • What's Causing the Wage Stagnation?

    11/06/2014 7:57:13 AM PST · by SeekAndFind · 44 replies
    RCM ^ | 11/6/2014 | Robert Samuelson
    I recently wrote about sluggish and stagnant wages, which are said to weaken the economy's recovery. I argued that workers' fear of losing their jobs is an important - perhaps decisive - explanation. In a nutshell: Frightened of being fired and being unable to find a new job, workers are less inclined to quit and search for something better. Therefore, employers don't have to raise wages, or can raise them less, to retain their best workers. Wage gains have been running at about 2 percent annually, a bit above the rate of inflation. There are many competing theories. The most...
  • Cotton: Amnesty Would Drive Down Wages and Increase Unemployment

    10/28/2014 10:00:28 AM PDT · by xzins · 38 replies
    Breitbart ^ | 27 Oct 2014 | Dan Riehl
    In discussing U.S. immigration policy on Monday’s “Laura Ingraham Show,” U.S. Senate Tom Cotton (R-AR) cited illegal immigration as a “major issue” in his race in Arkansas, while also pointing out that based upon non-partisan analysis, the so called Gang of Eight bill previously passed by the Senate "would both drive down wages in America and increase unemployment". "I think we need to get Americans back to work before we worry about increasing the number of guest workers, or temporary visa holders we have in the country," he added. “In so many ways, this bill is just like Obamacare --...
  • 50% Of American Workers Make Less Than $28,031 A Year

    10/25/2014 6:11:19 AM PDT · by SeekAndFind · 89 replies
    Zero Hedge ^ | 10/25/2013 | Michael Snyder via Zero Hedge
    The Social Security Administration has just released wage statistics for 2013, and the numbers are startling.  Last year, 50 percent of all American workers made less than $28,031, and 39 percent of all American workers made less than $20,000.  If you worked a full-time job at $10 an hour all year long with two weeks off, you would make $20,000.  So the fact that 39 percent of all workers made less than that amount is rather telling.  This is more evidence of the declining quality of the jobs in this country.  In many homes in America today, both parents are...
  • Where The Rising Wages Are?

    10/03/2014 7:13:47 AM PDT · by SeekAndFind · 5 replies
    Zero Hedge ^ | 10/03/2014 | Tyler Durden
    With the September jobs report, perhaps one of the most irrelevant monthly updates from the BLS in a long time, due out in less than half an hour, BofA's Chart of the Day looks at what has become the most sticky issue in the monthly jobs report of late: where the inflation-adjusted income growth, or lack thereof, can be found. What it finds is that the average American can still hope for rising real wages: they just have to be massively underwater on unrepayable student debt. To wit:  As of 2013, the median income for college graduates was about $80,000...
  • Fast-food protesters cuffed at higher-pay rallies

    09/04/2014 10:42:09 AM PDT · by re_nortex · 42 replies
    AP ^ | Sep. 4, 2014 1:27 PM EDT | JOSEPH PISANI
    NEW YORK (AP) — Police handcuffed dozens of protesters in cities around the country on Thursday as they blocked traffic in the latest attempt to escalate their efforts to get McDonald's, Burger King and other fast-food companies to pay their employees at least $15 an hour. The protests, which were planned by labor organizers for about 150 cities nationwide throughout Thursday, are part of a campaign called "Fight for $15."
  • Loss of mid-wage jobs hampers state's growth

    08/08/2014 9:11:14 AM PDT · by Pelham · 13 replies
    LA Times ^ | August 8, 2014 | Tiffany Hsu
    On the surface, California's job market is booming. The state has now recovered all the jobs lost during the recession, and done so at a faster pace than all but five states. The growth, though, belies a troubling imbalance. The fastest job creation has come in low-wage sectors, in which pay has declined. At the high end of the salary scale, a different dynamic has taken hold: rising pay and improving employment after rounds of consolidation. Most distressing, middle-wage workers are losing out on both counts. "People talk about it like an hourglass," said Tracey Grose, vice president of the...
  • The Unions’ War on Small Businesses

    08/11/2014 11:51:31 AM PDT · by SoFloFreeper · 2 replies
    Daily Signal ^ | 8/9/14 | James Sherk
    Would you like to own a small business someday? If so, sorry — the Service Employees International Union would rather you didn’t. The SEIU has convinced the National Labor Relations Board (NLRB) to eviscerate the franchising model that many small-business owners rely on.Under the current model, these small-business owners pay for the right to use a corporate brand. The franchising corporation researches appealing products. It also does marketing to promote the brand. In return, the local franchisees agree to produce those products to fit certain price and quality specifications. The local franchisee handles all the hiring and employment.
  • Here's Why Wages Might Rise Despite Millions Of Unemployed Being Available For Work

    08/11/2014 7:43:00 AM PDT · by SeekAndFind · 11 replies
    Of Two Minds ^ | 08/11/2014 | CHARLES HUGH SMITH
    Tragically, the inability of our institutions to impart the skills required by the emerging economy hobble not just the unemployed but employers. A reader recently offered a compelling reason why total compensation costs (wages plus benefits/payroll taxes) could rise even in a stagnant economy with millions available for work: many of those who have been out of work for a long time (or have yet to hold a formal job) are unqualified by experience and professionalism to perform the work that is available. This is a complex topic, so let's separate the key issues. 1. Inability to perform the available work successfully on...
  • Let The Good Times Roll For The US Economy

    08/04/2014 4:48:37 AM PDT · by blam · 18 replies
    BI ^ | 8-4-2014 | Ed Yardeni
    Ed Yardeni, Dr. Ed's BlogAugust 4, 2014 Yardeni chart Aug 4, Dr. Ed's Blog The US economy appears on my worry list only indirectly and only because it is performing well, showing no signs of a recession. That’s bearish only if the Fed’s response of starting to raise interest rates in baby steps triggers an unanticipated financial crisis simply because interest rates have been too close to zero for too long. A rush out of corporate bond funds could be one of the consequences with recessionary consequences, or maybe not. It’s something to watch. For now, let the good times...
  • ISTOOK: Get ready for super-priced burgers due to NLRB decree

    07/30/2014 1:29:30 PM PDT · by jazusamo · 89 replies
    The Washington Times ^ | July 30, 2014 | Ernest Istook
    Once again, one man has dictated a major change of federal law that can cost American families dearly. It may double the price of your Big Mac, Whopper, fried chicken, donuts or other purchases at your local fast-food restaurant. Where’s the beef coming from? Surprise! This time it’s neither President Obama nor Attorney General Eric Holder who is twisting the law like a pretzel from Auntie Anne’s. It’s Obama appointee Richard Griffin, the president’s hand-picked choice for the all-powerful position as general counsel of the National Labor Relations Board (NLRB). Mr. Griffin has declared that millions of Americans who work...
  • Unions weep: After becoming RTW state, Michigan incomes rise

    07/27/2014 4:30:24 PM PDT · by 2ndDivisionVet · 11 replies
    Hot Air ^ | July 27, 2014 | Jazz Shaw
    Hey, do you remember when Michigan shocked the nation and became a right to work state in 2012? That was supposed to usher in the end of the world, at least in the view of union leaders and their Democrat water carriers. As Thomas Lifson reminds us at The American Thinker, the predictions were nigh on to apocalyptic. “There will be blood, there will be repercussions,” State Democratic Rep. Douglas Geiss, speaking on the House floor on Tuesday, warned ahead of the votes. And of course, there were predictions of disaster for the “little guy” as ruthless bosses would exploit...
  • Wage Growth Is Really Going Nowhere

    07/27/2014 9:22:30 AM PDT · by blam · 18 replies
    BI ^ | 7-27-2014 | Myles Udland
    Myles UdlandJuly 27, 2014 Wage growth is close to not being growth at all. On August 1, we'll get the latest jobs report from the Bureau of Labor Statistics. Last month, the report showed that the economy added 288,000 jobs in June, with wages growing 2% year of year. Unfortunately, when taking into account the rate of inflation, "real" wage growth was flat. In Business Insider's latest Most Important Charts In The World feature, Ellen Zentner, senior U.S. economist at Morgan Stanley, highlighted the following chart, which shows how real wage growth has slowed to, well, no growth at all.(snip)(snip)