“With real unemployment and underemployment somewhere north of 13% and Obamacare starting to kick in, I don’t see wages increasing anytime soon.”
Had a Staff Meeting this week. All of the Managers and The Big Boss. We were basically told to cut the fat everywhere and we would NOT be hiring anyone full-time, even those part-time, loyal employees who are reaching the threshold for qualifying: ‘X’ amount of hours per week for an extended period; we managers give the available hours to the hardest workers, of course.
Secondly, we were pretty much told that 0bamacare will ADD $15K to the bottom line of every full-time employee we already have (close to 100 of us, and no splitting us up into smaller mini-companies, ‘cuz Mother Government is on to us...) and that keeping our jobs IS our ‘raise’ this season; we usually get raises in July.
This man provides many, many jobs throughout our state, full and part time. Things are gonna get ug-lee. I am in totally ‘hunker down mode’ at home and at work.
So long as wages remain nominally static, we have NO inflation......just rising prices and a lowered standard of living.