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Worker pay and benefits climbing at fastest pace in 10 years, ECI finds
https://www.marketwatch.com ^ | Published: July 31, 2018 3:46 p.m. ET | Jeffry Bartash

Posted on 07/31/2018 5:12:06 PM PDT by ATOMIC_PUNK

Cost of labor rose at a 2.8% yearly rate as firms boost benefits

The numbers: American workers are finally reaping the benefits of the lowest unemployment rate and best jobs market in decades: Wages and benefits are rising at the fastest pace in a decade.

The employment cost index rose 0.6% in the second quarter, a tick below the MarketWatch estimate of 0.7%.

More important, the cost of worker compensation in the form of pay and benefits edged up to 2.8% to mark the biggest yearly gain since mid-2008.

In other words, workers are making out better.

What happened: Wages — some 70% of employment costs — rose a sturdy 0.5% in the second quarter, the government said Tuesday.

The big increase was in benefits: They jumped 0.9% to mark the largest advance in four years.

(Excerpt) Read more at marketwatch.com ...


TOPICS: Education; Reference; Society
KEYWORDS:

1 posted on 07/31/2018 5:12:06 PM PDT by ATOMIC_PUNK
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To: ATOMIC_PUNK

Crumbs, I tell you. CRUMBS!!!!


2 posted on 07/31/2018 5:13:48 PM PDT by CatOwner
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To: ATOMIC_PUNK

Thank you Mr. Obama! ~Maxine Waters


3 posted on 07/31/2018 5:14:07 PM PDT by 2ndDivisionVet (You cannot invade the mainland US. There'd be a rifle behind every blade of grass.)
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To: CatOwner

LOL, yes this is just Nancy Pelosi crumbs. Nothing to get excited about.


4 posted on 07/31/2018 5:17:14 PM PDT by Dilbert San Diego
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To: ATOMIC_PUNK

5 posted on 07/31/2018 5:22:47 PM PDT by BenLurkin (The above is not a statement of fact. It is either satire or opinion. Or both.)
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To: Dilbert San Diego

The DNC want their crumbs back.


6 posted on 07/31/2018 5:33:09 PM PDT by bray (Pray for President Trump)
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To: ATOMIC_PUNK

Well, there goes another Leftist talking point. Dan Bongino (who has a degree in economics) accurately predicted that when the GDP went up and unemployment went down, that the media would attack the stagnant wages, because wages are a lagging indicator of economic changes.

He was right, they did, and now wage stagnation is not an issue. What will they attack on next????


7 posted on 07/31/2018 5:37:51 PM PDT by rlmorel (Leftists: They believe in the "Invisible Hand" only when it is guided by government.)
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Democrats Outraged.

Hey kid, do you remember when you asked me the definition of cognitive dissonance?


8 posted on 07/31/2018 6:07:56 PM PDT by dsrtsage (For Leftists, World History starts every day at breakfast)
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To: ATOMIC_PUNK

This pretty blows up Krugman’s critique of the GDP numbers ...


9 posted on 07/31/2018 6:13:44 PM PDT by tinyowl (A is A)
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To: ATOMIC_PUNK

It’s only because people are working 2, 3, 4 and sometimes 5 jobs!


10 posted on 07/31/2018 6:30:18 PM PDT by unixfox (Abolish Slavery, Repeal the 16th Amendment)
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To: bray
The DNC wants their YOUR crumbs back.

There.

Fixed

11 posted on 07/31/2018 7:23:31 PM PDT by null and void (Equality is important, but quality is paramount.)
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To: ATOMIC_PUNK

Well, that explains why people are working 2 and 3 jobs for 60 to 80 hours per week. Wages are high and they are hauling in more dough. Thanks to Occasional Kotex for her economic insights into this.


12 posted on 07/31/2018 7:31:41 PM PDT by ProtectOurFreedom
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To: rlmorel
What will they attack on next????

The fact that people have to hold down 2 or 3 jobs and work 60 to 80 hours per week to put thin gruel on the table and own more than one pair of socks.

13 posted on 07/31/2018 7:32:49 PM PDT by ProtectOurFreedom
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To: ProtectOurFreedom

LOL, Alexandria Occasional-Cortex already did attack that (as you know!)


14 posted on 07/31/2018 8:20:17 PM PDT by rlmorel (Leftists: They believe in the "Invisible Hand" only when it is guided by government.)
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To: ATOMIC_PUNK

Winning!


15 posted on 08/01/2018 4:36:01 AM PDT by MNJohnnie (2016: For the first time since 1984, I voted for a Rep President all other votes were anti Dem)
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To: MNJohnnie

Hard for me to judge as I’ve been retired for 5 yrs. now. Wages where I worked were going nowhere when I was working,but those were the Obama days. Soc.Sec. raises are pretty much a joke,as they jack up Medicare to compensate & we see higher prices just like everyone else. So,I would have to say,that for many of us retired without a huge savings or pension,that the new economy is doing nothing for us. Any interest on a meager savings is an absolute joke,with interest rates as they are. We’re not usually in a position to borrow any money,so the lower interest rates there is no help either.


16 posted on 08/01/2018 12:32:34 PM PDT by oldtech
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