I don’t see this dynamic playing out in the NYC metro area - possibly because it is an area that is hostile to business in general (so many jobs have left). It seems we have more white-collar workers than jobs because so many employers and jobs left; we have plenty of McJobs, though.
Between technology and H1-Bs, I don’t know how much bargaining power white-collar workers have unless they are very specialized. When “Occupy Wall Street” was protesting outside the office buildings from which they’d been laid off in NYC years ago, you could see in the news footage the Asian scabs filing into the building directly behind them.
It may be the fastest in twenty years, but inflation is far outpacing any of those gains. In sum, net loss big time.
Typical media spin. Desperate for positive new in the year of the Resident they concoct a positive headline.nIn the article however they tell the truth.
White collar workers (along with all Americans) have less buying power because of Ziden’s keeper’s policies since they get numerically more but less valuable total $.
The irony is that the attempts at spin exposes the dreadful state of the economy more than if the topic was avoided. Typical for the left they just spin and pontificate without regard for truth or downstream effects.
Anyone remember when SEIU was pushing to have pay increases indexed to inflation?
Pepperidge Farm remembers...
America’s White-Collar Workers See INFLATION Rise At Fastest Pace In More Than 40 Years!